- The history and specific purposes of the GLBA.
- What the privacy rule is.
- What the safeguards rule is and what it does.
Seat Time: 2.5hrs - Desc:
This course will familiarize the learner with the crime of money laundering in particular to his/her position as a Trust Manager. This course will also provide a comprehensive overview of red flags and suspicious activity so that s/he may be able to recognize and report indicators. After completing this program, the learner will understand how to:
- Recognize the red flags of money laundering.
- Conduct Customer Due Diligence (CDD) practices and prevent money laundering at the organization.
- Recognize the roles that agencies such as OFAC play with regard to creating effective AML guidelines for the organization.
This course describes the provisions of the Volcker Rule, a rule prohibiting proprietary trading by financial entities. The course provides information on the development timeline of the Volcker Rule, the rule’s impact, exemptions, and prohibited and permitted activities and investments. Upon completion of the course, the learner will be able to:
- Properly implement the Volcker Rule in his/her financial institution.
- Understand the provisions and exemptions of the Volcker Rule.
- Adhere to the implementation and development timeline of the Volcker Rule.
Seat Time: 0.25hrs - Desc:
This course provides information about “swap dealers” and “security-based swap dealers.” This course will use the definitions issued by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Upon completion of this course, the learner will be able to:
- Understand the terms and guidelines for swap dealers and security-based swap dealers.
- Abide by designated exemptions and exclusions.
- Understand under which category the firm falls based on institution activities.
Seat Time: 2.5hrs - Desc:
This course will introduce the learner to Anti-Money Laundering (AML) laws and regulations that the institution must adhere to. The course will define money laundering and will familiarize the learner with the various aspects of AML, including red flags, customer due diligence, and information-sharing policies. The course will also focus on how AML requirements pertain to the role of the Universal Banker at the financial institution. After completing this course, the learner will understand:
- How to identify the various red flags of money laundering.
- The role of OFAC and how an OFAC program should be implemented at the institution.
- The criteria that constitutes a high-risk person, product or service, and geographic location.
Seat Time: 1hrs - Desc:
This course will include information on the history and development of Individual Retirement Accounts (IRAs). This course will provide a brief overview of the various types of IRAs that exist, and will provide a list of frequently asked questions that the learner should be able to answer. After completing this program, the learner will be able to:
- Answer any questions that customers may have concerning IRAs.
- Understand how the IRAs have been shaped by previous legislation.
- Use different reports to fulfill reporting requirements to the IRS.
Seat Time: 3.75hrs - Desc:
This course will introduce the learner to the requirements of the Bank Secrecy Act (BSA) and will offer detailed information regarding compliance with the BSA. The course will familiarize the learner with the Act itself, in addition to how, when, and why to file Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). This course will also demonstrate how BSA requirements pertain to the role of the Universal Banker at the financial institution. After completing this course, the learner will understand:
- How to complete and file a CTR and a SAR.
- How to maintain an effective Customer Identification Program (CIP).
- How the USA PATRIOT Act affects BSA requirements.
This course will introduce the learner to the guidelines appraisers and evaluators use when analyzing data to compile their reports. The learner will understand what is included in appraisal reports and the proper procedures for filing Suspicious Activity Reports (SARs). After completing this program, the learner will be able to:
- Follow guidelines and requirements for appraisals and evaluations.
- Address and meet appraiser and evaluator qualifications.
- File SARs for non-compliance or unethical conduct.