Authorized Push Payment Fraud (APP) is becoming an increasing concern to remitting banks and other financial service providers including, credit unions, MSBs, PSPs, cryptocurrency companies, credit unions, banks and securities dealers. When your clients are being duped by fraudsters and funds are transferred successfully, are you liable from a duty of care perspective?

 Join Matt McGuire (The AML Shop Practice Leader) and Marc Lemieux (Financial Services Lawyer, Lemieux Law Firm) for a webinar session that will help answer difficult questions and illuminate key topics surrounding APP and duty of care.  This webinar will highlight the following important topics:

• The definition and scope of APP

• Duties of care of remitting banks and other service providers in the presence of indicators of APP fraud

• The question of can remitting banks and other service providers shield themselves from liability with a well-drafted exclusion clause?

• How compliance programs can appropriately manage APP fraud risk

• A discussion on the industry-funded APP fraud indemnity program in the UK