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Safeguarding Your Investment Transfers - An Investor Executive Summary

• Implement Two-Factor Authentication (2FA): Enable 2FA on your banking accounts and other online accounts for an added layer of security.
• Segregate duties: If you're managing business accounts, establish internal controls that require multiple approvals for wire transfers, ensuring no single person can initiate and approve a transfer.
• Establish dollar limits with your bank: Consider setting limits on individual transactions or daily limits for wire transfers.
• Place international wire transfer blocks: If you do not intend to send money internationally, consider blocking international transfers on your accounts.
• Review bank activity regularly: Monitor your bank accounts and transaction history daily to detect and report any suspicious activity promptly.
• Educate yourself and your team about common wire fraud scams: Stay informed about the latest scam tactics and train your staff on best practices for preventing ...