ACC MN CLE Program and Happy Hour at Rojo Mexican Grill

Join us at Rojo Mexican Grill in St. Louis Park on Wednesday, February 26, 2025, for an ACC MN CLE program and networking happy hour.

CHECK, WIRE, AND ACH FRAUD: PREVENTING LOSSES AND MANAGING LIABILITY

Payments fraud related to checks, wires and ACH transactions is a constant concern for businesses across all industries. Fraudsters have become increasingly sophisticated in exploiting weaknesses in financial transaction systems, leading to substantial financial losses and significant legal exposure. For in-house counsel, the challenge lies not only in advising on preventative measures but also in navigating the legal ramifications and liability-shifting rules of potential fraud incidents.

This presentation will explore the types of fraud schemes commonly associated with checks, wire transfers and ACH payments, focusing on how in-house counsel can implement effective fraud prevention strategies. It will cover key preventative tools such as positive pay and dual control and provide a nuanced analysis of the liability that accompanies their use. It will help in-house counsel understand the steps that must be taken in the event of a suspected fraud incident and walk through the complicated legal maze of liability-shifting rules for different payment types. In-house counsel will be equipped to design and implement effective fraud prevention programs while managing the responsibility that these tools may entail. And in the event fraud does happen, in-house counsel will have a primer on the rights, obligations and liability-shifting rules that will determine who bears the loss.

Presenters

Caitlin Houlton Kuntz, Shareholder, Fredrikson

Doug Hiatt, Of Counsel, Fredrikson

Agenda

4:15 PM - 4:30 PM | Attendee check-in

4:30 PM - 5:30 PM | CLE program

5:30 PM - 6:30 PM | Networking happy hour

Admission is free and open to ACC members (and to in-house counsel first-time guests). 1.0 Standard CLE credit is pending in Minnesota.

Thanks to our sponsor, Fredrikson!