Payments Hot Tip - September

Complying with responsibilities around Elder Financial Exploitation

A financial institution is required to file a suspicious activity report (SAR) if it knows, suspects, or has reason to suspect a transaction conducted or attempted by, at, or through the financial institution involves funds derived from illegal activity, or attempts to disguise funds derived from illegal activity; is designed to evade regulations promulgated under the BSA; lacks a business or apparent lawful purpose; or involves the use of the financial institution to facilitate criminal activity, including Elder Financial Exploitation.

For more details, check out our latest Payments Hot Tip. 

For common red flags and reminder of your responsibilities, access our on-demand training, Elder Abuse: Exploitation and Fraud Prevention. (3.6 CEUs)

Register now

VIP Program Testimonial

Need a training to get you up-to-speed on the most pressing payments topics of today?

Look no further. 

SFE's VIP on-demand series will get you the information you need on topics ranging from FedNow to check fraud and beyond. Just hear what our members are saying:

"Highly recommend the series Videos Illuminating Payments (VIP)! These mini videos give you the understanding of the functionality of the 'Faster Payment process,' as well as the benefit it can have for your organization. I’m so glad that SFE offers this means of education; it’s a wealth of knowledge." 

Patricia Braswell, ACH Operations Supervisor
Department of Corrections Credit Union
Baton Rouge, LA

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AAP Prep

Considering the AAP Accreditation?

AAP Prep Training in Progress

According to recent data released by Nacha, ACH payments continue to grow. With the continued gains in ACH volume, electronic payments expertise is must. Becoming an Accredited ACH Professional (AAP) gives you the knowledge to serve as a trusted leader and authority in electronic payments. So, if you're ready to become and AAP, make sure you sign up for SFE's AAP Exam Prep Package. Training is in progress, but don't worry, sessions are recorded and available. 

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Thu
16
2024
May 16 (1:00PM) - September 19 (2:00PM), 2024

AAP Exam Prep Package 2024

Wed
18
2024
September 18, 2024
1:30PM - 3:00PM CST

The Rules Have Changed. Have You?

Virtual Webinar

Tue
24
2024
September 24, 2024
1:00PM - 2:00PM CST

Complimentary Ask the Regulators: Bank-Fintech Arrangements

Virtual Webinar

View All Events

SFE 34th Annual Conference & Expo

Ask SFE Click here to ask us a question regarding payments (i.e. compliance, membership, education, etc.). A member of your SFE team will respond by email as soon as we are able.

Member Services Brief View a summary of benefits for current and future SFE members.

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