Building and Maintaining a Wire Process that Doesn't Break the Bank

ATTUS Presents “Building and Maintaining a Wire Process that Doesn’t Break the Bank – A 360° Perspective” by Lori Moore, Director of Compliance

Wire funds transfers have been a financial institution staple for well over a century, but today’s wire activity is far more complex than anything Western Union could have imagined in 1871. The factors to consider in assessing the adequacy of your wire process are almost mind boggling. Unless, that is, you have help. 

We’ve identified and analyzed all of those factors in this white paper, “Building and Maintaining a Wire Process that Doesn’t Break the Bank – A 360° Perspective.” It isn’t just about choosing to use a wire software program or not, it’s about understanding and mitigating the inherent risks of wires. In this white paper, we will help you:

1. Uncover the three biggest risk threats to your wire process as we look at every angle.
2. Find a comprehensive way to assess your institution’s risk by giving you the appropriate framework.
3. Ensure your wire process is in compliance with federal rules and regulations by taking a thorough view.
4. Facilitate watch list screening by determining the Wire OFAC Software that best suits your institution.
5. Learn how to rein in the cost and complexity of a manual or outdated automated system by outlining an appropriate due diligence process.