Audit Ready: Meeting Regulatory Expectations Across Payments Channels

With increasing regulatory scrutiny and rising fraud risks across digital payment channels, financial institutions must be prepared to demonstrate strong controls, effective monitoring, and thorough documentation. This session guides attendees through key audit and regulatory expectations for ACH, wire transfers, mobile deposit, merchant remote deposit capture, and instant payments, providing a clear framework for aligning payment risk controls with FFIEC, Nacha, and BSA and AML guidelines. Participants will explore common audit findings, including gaps in due diligence, weak transaction monitoring, and inadequate exception handling, while also learning best practices for risk rating customers and payment channels based on transaction volumes, client behavior, and access methods. The session also delivers practical strategies for documenting policies, procedures, internal controls, and independent review activities to ensure institutions remain audit-ready at any time, along with insight into emerging examiner focus areas such as transaction limits and evolving risk management expectations.