IAT Suspect Transactions:
What’s an RDFI to Do?
WEBINAR OR ON-DEMAND WEB LINK
(LINK INCLUDES FREE CD ROM)


Thursday,
September 13, 2012

12:00 pm - 1:30 pm PT
1:00 pm - 2:30 pm MT
2:00 pm - 3:30 pm CT
3:00 pm - 4:30 pm ET

Meet the Presenter

Shelly Simpson, AAP,
EPCOR

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The International ACH Transactions (IAT) application was introduced into the ACH Network in September 2009. According to NACHA, approximately 29 million IAT transactions were processed in 2011. What percentage of these did your credit union receive? More importantly, did you properly process these entries? This webinar will provide an overview of the IAT rules and highlights the RDFI’s responsibilities when processing IAT entries, including OFAC compliance obligations. In addition, the ACH Rules changes effective September 21, 2012, and March 15, 2013, will be addressed as they relate to IAT processing.

HIGHLIGHTS

  • Acceptance of IAT entries, including posting and availability
  • 2012 ACH Rules clarification on the effect of illegality
  • What information needs to be screened?
  • Handling of suspect transactions and when to contact OFAC
  • ACH Rules updates related to IAT effective September 21, 2012 and March 15, 2013

WHO SHOULD ATTEND?

This informative session is designed for ACH operations and audit/compliance staff.