[Webinar] Fraud has Found Private Lending. Now What?

Fraud is on the rise and becoming a major concern in the private lending space. With high-dollar transactions and complex payment processes, it’s no surprise bad actors are finding new ways to steal large sums of money from everyone in the payment ecosystem – especially lenders. In this webinar we will discuss recent impacts of wire fraud on the industry and how to protect yourself.

In this webinar, you will learn about:

1. What methods are being employed to defraud you from your money/collateral
a. Wire Fraud – what is it, how does it work, and how is it
affecting the industry?
b. Wires vs ACH – how do they compare? Which is safer?
2. Industry best practices to establish procedures / due diligence in order to discern potentially fraudulent loans before you fund them
a. RTP & FedNow – are they the future of safe payments?
b. Account & Entity Validation Services – how do they help you combat fraud?
c. Draw management – do you know exactly who you are paying, and for what at all times?
d. Know Your Customer & Know Your Business – how do organizations with strong BSA/AML programs help protect you?

This webinar was led by Steven E. Ernest of Geraci LLP and Thayne Boren of Sekady.

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