ProBank ACH Processing and Compliance (EM-ACH) 2020 - Kentucky (C) | Professional Bank Services | 18 November 2020 | VIRTUAL EVENT

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 Expanded Same Day ACH: Moving Payments ("Even") Faster, Quality and Risk Management Topics, Differentiating Among Types of Unauthorized Returns, Rules Compliance Audit Requirements, and Minor Topics Rules changes are discussed in detail. Recent proposed Rules changes including a new capability to utilize the ACH network to exchange non-monetary messaging between DFIs, and limiting the time an RDFI can make a claim against an ODFI’s authorization warranty 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 reclamation process, and Treasury’s triennial updates to 31 CFR 210. An update is also provided on Treasury’s ongoing efforts to expand direct deposit and the utilization of "godirect.gov".

Compliance issues including updated 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.

TOPICS

New and Recent NACHA Rules:
• Expanded Same Day ACH: Moving Payments ("Even") Faster
• Differentiating Among Types of Unauthorized Returns
• ACH Quality and Risk Management Topics
• ACH Rules Compliance Audit Requirements
• Minor Topics Rules Changes
• ACH Message Entries (proposed)
• Limiting the Time an RDFI May Make a Claim Against the ODFIs Authorization Warranty(proposed)

The Latest on Federal Government Payments & Processing:
• The Green Book – On-Line PDFs
• Reclamation Process
• IRS Tax Refund Processing FAQs
• Direct Deposit and “godirect.org” updates

Audit and Examination Guidelines:
• Annual Self-Audit Procedures- Re-written in 2019
• Federal Audit Guidelines on ACH

Processing Risks
• Fraud
• Operational
• Credit
• Systemic
• Compliance
• Reputational
• Strategic
• Terminated Originator Database (TOD)

Regulatory Impacts:
• BSA Examination impacts to ACH Processing
• Suspicious Activity Reporting (SAR) – Impacts to ACH Operations
• OFAC – Updated Impacts to ACH Operations
• Garnishment of Exempt Federal Benefit Payments – Impacts to ACH Operations

Mark W. Dever
AAP, CAMS, Vice President, ProBank Austin