Seat Time: 1hrs - Desc:
This course will introduce the learner to Anti-Boycott Regulations, covering requests and reporting requirements. The learner will understand prohibited business discriminations and Letters of Credit. After completing this program, the learner will be able to:
- Distinguish between the four types of prohibited refusals.
- Define and implement Letters of Credit inside and outside of the United States.
- Understand reporting requirements.
This course will introduce the learner to various anti-trust laws that have been enacted over time and how they affect the operations of the financial institution. The course will familiarize the learner with price fixing and bid rigging and how these violations can be avoided. Additionally, this course will cover corporate mergers and foreign anti-trust guidelines. After completing this course, the learner will understand:
- The importance of anti-trust laws.
- The various ways in which corporations can merge.
- Potential penalties faced by those who violate anti-trust laws.
Seat Time: 0.75hrs - Desc:
This course will instruct the learner on anti-tying policies and procedures. The learner will be able to understand inter-affiliate transactions and limitations. Upon completion of this program, the learner will be able to:
- Provide examples of prohibited, exempt, and allowable tying activities.
- Understand bank and transaction integrity.
- Understand requirements of real estate appraisals in accordance with Regulation Y.
Seat Time: 2.75hrs - Desc:
This course will help the learner to understand risk, and how to apply Enterprise Risk Management (ERM). The learner will be provided with an overview of ERM objectives and requirements, and will address risk assessment and response. After completing this program, the learner will be able to:
- Utilize specific evaluation activities and processes and methodologies.
- Communicate effectively while addressing, assessing, and responding to risk.
- Understand the importance of objective settings, internal environments, and the application of ERM.
Seat Time: 1.5hrs - Desc:
This course will discuss fraud and the bank’s commitment to compliance laws and regulations. This course will also explain the reporting process and other procedures. After completing this program, the learner will be able to:
- Adhere to recordkeeping and reporting requirements.
- Recognize and address instances of fraudulent activity.
- Understand the reasons behind fraud and the role the learner plays in fraud prevention.
This course will provide information on the Foreign Account Tax Compliance Act (FATCA), including details on financial institution exemptions and compliance requirements. The course explores how FATCA combats tax law noncompliance within the United States. Upon completion of the course, the learner will be able to:
- Effectively implement FATCA requirements in the institution.
- Understand the importance and requirements of the tax law.
- Prepare for FATCA application within the financial institution.
Seat Time: 0.25hrs - Desc:
This course will introduce the learner to Regulation R, which was jointly adopted by the Securities and Exchange Commission (SEC) and the Federal Reserve Board (FRB). The course will describe for the learner the purpose of Regulation R and will also discuss conditions that must be satisfied for employees to receive compensation in an unlimited amount from a broker-dealer. After completing this program, the learner will understand:
- What qualifies a referral fee as "nominal."
- Restrictions on employee bonuses.
- Requirements for institutional referrals.
Seat Time: 0.25hrs - Desc:
This course will introduce the learner to Regulation J, which establishes responsibilities of the Federal Reserve System and the rules for the collection of checks and other items. The course will discuss for the learner the relationship of the Regulation to the Federal Reserve System. After completing this program, the learner will understand:
- Purpose of Regulation J.
- Sending and returning items to a reserve bank.
- Role of Fedwire in debiting and crediting accounts.