ACH Processing and Compliance (EM-ACH) 2023 | FORVIS | 7 December 2023 | TBA, Oklahoma City, Oklahoma

This full-day seminar brings you information you need to keep on top of the latest changes in the field of ACH processing. Presented in an easy-to-understand, one-day format, this seminar reviews the basis and structure of all ACH processing - the NACHA Rules. This seminar includes discussion on both receiving and origination. Recent and upcoming changes to the Rules including: Micro-Entries Phase 2; Third-Party Senders and “Nested” Third-Party Senders – grace-period expiration; operational benefits from Meaningful Modernization; and Supplementing Data Security Requirements – 2023 Impacts are discussed in detail. Recent proposed Rules changes including Account Information Improvements, and a possible proposal arising from the RFI on Risk of Early Funds Availability are reviewed. The annual expansion of and enhancements to the ACH “self-audit” are thoroughly discussed, and the federal ACH examination is highlighted.

Treasury’s Green Book - A Guide to Federal Government ACH Payments and Collections is discussed with a focus on the 2023 “updates” to the Reclamation Process. An update is also provided on Treasury’s ongoing efforts to expand direct deposit and the utilization of “Go Direct®”.

Compliance issues including OFAC impacts to ACH processing, suspicious activity reporting (SAR), the federal focus on ACH as part of the annual Bank Secrecy Act (BSA) examination efforts, and the standardization of the garnishment of exempt federal benefits payment processing, are all highlighted. Major areas of ACH risk are addressed, including methods and procedures to minimize risk exposure. This seminar provides attendees with the opportunity to network with other professionals interested in ACH processing and compliance.