New Automated Submission Process for Reports
of Possible ACH Rules Violations
Process Benefits FIs & NACHA
Financial institutions may now submit Reports of Possible ACH Rules Violations to the National System of Fines in a fully automated manner. Visit the Risk & Compliance area of NACHA's Web site at http://www.nacha.org/c/NSfines.cfm to access the new automated submission process.
The automated submission process utilizes a secure Report of Possible ACH Rules Violation online submission form and allows the user to upload documentation to support the alleged violation. Users benefit from step-by-step instructions as they complete the online submission form. Financial institutions that submit an alleged violation in this manner are provided with a violation identification number and receive an e-mail notification of a successful submission.
Financial institutions may still submit alleged rules violations to the National System of Fines by surface mail or fax. The automated submission process benefits both financial institutions and NACHA by saving time, reducing costs, and decreasing reliance on paper.
The National System of Fines is the rules enforcement mechanism for the ACH Network, helping to ensure compliance with the NACHA Operating Rules through a formal system of warnings and fines. Its objective is to maintain the quality of the ACH Network by instilling fuller compliance with the NACHA Operating Rules.
