Spencer Fane attorney Shelli Clarkston recently returned as a guest author for the official Missouri Independent Bankers Association publication, Show-Me Banker Magazine.
Her latest piece – Facing Wire Transfer Fraud Losses? Steps to Ensure Your Bank Has Coverage – explores the increased threat of wire fraud facing financial institutions. Shelli provides advice for avoiding potential liability in such circumstances.
“To avoid any surprise claim denial, your bank should review its insurance policies with its legal counsel to confirm the requirements for coverage, as well as its wire transfer agreement and procedures to ensure they meet the policy requirements,” she says.
At Spencer Fane, Shelli provides financial institutions of all sizes with proactive legal counsel on regulatory and compliance matters, allowing them to conduct business and complete transactions with more precision, speed, and cost-efficiency. She collaboratively develops and implements compliance programs, best practices, and policies with a specific focus on enterprise and program risk management.
Read her full article here.
