Fraudulent Cashier's Checks

Terri D. Thomas

Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with "Bankers Choice," a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988. Presently, she serves as an adjunct instructor at Washburn University School of Law and the University of Kansas School of Law and is a frequent seminar presenter for financial associations.

Tuesday, July 20th, 2010
10:00 am - 12:00 pm CT

The Institute of Certified Bankers^TM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This webinar has been approved for 2.5 CBT, CCSR, CFSSP, CRCM, & CSOP credits.

There has been a dramatic increase in the number of fraudulent cashier's checks. Virtually every day a warning is distributed by financial institution regulatory authorities stating that fraudulent cashier's checks are being issued in a specific financial institution's name. Your financial institution may have even been the financial institution that the fraudulent cashier's checks were drawn on. This webcast seminar will discuss the risks posed by fraudulent cashier's checks, whether your financial institution is the financial institution of first deposit or the alleged issuer.

Covered Topics:

Procedures for identifying potentially suspicious items
Criteria for placing holds on these deposits
Restrictions imposed by Reg CC and the UCC
Language that should appear in your institution's deposit agreements to mitigate your institution's risk of loss
Ways to work with your institution's customers who have become victims of fraudulent cashier's checks

Who Should Attend?

This webcast seminar will be useful to any person who deals with deposits including tellers, deposit operations personnel, deposit policy makers, compliance personnel and attorneys.

Sign Up!

Recording only - $255.00: Unlimited playback & materials only. If you are unable to attend the regularly scheduled event, but are interested in the topic, you can purchase the recorded version. You will receive a web address for online viewing and an audio CD and handouts for offline viewing.