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!