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Online Courses Financial Compliance General Financial Regulatory Compliance Financial Compliance

Financial Compliance

Created by: HSI - Health & Safety Institute Top Author
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Last Updated 11/2022
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What you'll learn

Right to Financial Privacy Act, Regulation E, Regulation C, the USA PATRIOT ACT, and more.

Skills covered in this course

Compliance finance financial financial compliance HSI-ej4 financial compliance Financial Compliance Online Financial Compliance Online Training Financial Compliance Online Training Course

Overview

Included Modules

FAQs

Description

Banking and financial roles come with a web of regulations that staff must understand to stay compliant. This course introduces the essentials of financial compliance.

What this course covers:

  • Core banking regulations and why they matter
  • FDIC protections and Regulation E
  • Serving the unbanked responsibly
  • Robbery preparedness and response

Designed for bank staff, tellers, and financial services employees.

System Requirements

See System Requirements in the Coggno Knowledge Base

Author

HSI - Health & Safety Institute

2000 Courses

Making the Workplace Safer and Smarter
HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.
HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.

Financial Compliance

Elder Financial Exploitation: The Basics (aicc)
Elder Financial Exploitation: The Basics (aicc) Elder financial exploitation, or EFE, is a fast-growing and despicable form of abuse of seniors. It's also the most prevalent form of elder abuse. In general, elder financial abuse is any fraudulent act that uses the resources of an older individual for personal benefit, or an action that deprives an older individual of their belongings. Older adults lose more than $27.4 billion every year to scams, fraud, and exploitation. In this course, we'll discuss some examples of elder financial exploitation, go over why the elderly are targeted, and who they're typically targeted by.
Elder Financial Exploitation: How Financial Institutions Can Help (aicc)
Elder Financial Exploitation: How Financial Institutions Can Help (aicc) Elder financial exploitation has been called the crime of the 21st century, and intervening, when possible, is critical. In this course, we'll focus specifically on what financial institutions can do to combat elder financial abuse. We'll discuss the red flags of financial abuse and go over some best practices to prevent abuse. We'll also talk about the laws surrounding elder financial abuse and the responsibilities of financial institutions in preventing and responding to it.
Elder Financial Exploitation: California Law (aicc)
Elder Financial Exploitation: California Law (aicc) With the largest elderly population of nearly four million, California also leads the nation with the largest loss of assets due to elder financial abuse. Because of this, the State of California became one of the first states to enact a comprehensive law providing civil remedies for elderly victims of abuse. In this course, we'll discuss the Elder Abuse and Dependent Adult Civil Protection Act.
Regulation B: What Is the Equal Credit Opportunity Act?
Regulation B: What Is the Equal Credit Opportunity Act?

The Equal Credit Opportunity Act, implemented by Regulation B, bars creditors from discriminating against applicants on prohibited grounds. This course explains the rules.

What this course covers:

  • The nine prohibited bases for credit discrimination
  • What Regulation B forbids in lending
  • Rules for taking and evaluating applications
  • Consumer rights under Regulation B

Designed for lenders, loan officers, and financial compliance teams.
Truth in Savings Act: Regulation DD Part 1
Truth in Savings Act: Regulation DD Part 1

Regulation DD implements the Truth in Savings Act, which helps consumers compare deposit accounts through uniform disclosures.

What this course covers:

  • Why Congress passed the Truth in Savings Act
  • The account disclosures Regulation DD requires
  • How disclosures let consumers compare institutions
  • How the rule supports informed deposit decisions

Built for deposit and compliance staff who prepare account disclosures.
Truth in Savings Act: Regulation DD Part 2
Truth in Savings Act: Regulation DD Part 2

Part 1 covered the disclosures Regulation DD requires. This course turns to how deposit accounts may be advertised.

What this course covers:

  • The advertising requirements under Regulation DD
  • How the rule keeps deposit account promotions truthful
  • What institutions must include and avoid in advertising
  • How the rules protect consumers comparing accounts

For marketing and compliance staff who advertise deposit accounts.
Regulation C Home Mortgage Disclosure Act
Regulation C Home Mortgage Disclosure Act

The Home Mortgage Disclosure Act (HMDA), enacted in 1975 and implemented through the Federal Reserve Board's Regulation C, requires covered lenders to collect and disclose data about home loan activity.

What this course covers:

  • How HMDA and Regulation C build on the Fair Housing Act
  • Which financial institutions the law applies to
  • Which loan transactions are covered and which are excluded
  • What lenders must record, report, and disclose

Ideal for mortgage lenders and compliance staff subject to HMDA reporting.
The Fair Housing Act
The Fair Housing Act

Signed into law in 1968 as Title VIII of the Civil Rights Act, the Fair Housing Act protects people from discrimination in housing.

What this course covers:

  • The purpose and history of the Fair Housing Act
  • Who is protected under the law
  • The housing types that are covered
  • Prohibited actions in selling, renting and lending

For real estate, lending and housing professionals who must comply with fair housing law.
Homeowners Protection Act
Homeowners Protection Act

The Homeowners Protection Act, also called the PMI Cancellation Act, protects homeowners from paying private mortgage insurance longer than the law requires.

What this course covers:

  • The basics of private mortgage insurance (PMI)
  • Methods for cancelling PMI at the 20% equity threshold
  • Exceptions to PMI cancellation
  • Required disclosures and civil liability for violations

Suited to mortgage servicers, lenders, and compliance staff.
Identity Theft: Red Flags Rule
Identity Theft: Red Flags Rule
Identity theft is a hot topic. It seems like every day you hear a story about someone's identity being stolen, or a company offering you protection against identity theft. In this program we are going to talk about the Identify Theft - Red Flags Rule and how it applies to your Financial Institution.
Consumer Privacy Act
Consumer Privacy Act

With most Americans now relying on the internet and other electronic communications, protecting the personal information shared in everyday transactions has become a major concern.

What this course covers:

  • What consumer privacy, also called customer privacy, means
  • Why electronic communications heighten privacy risks
  • The personal information revealed during everyday transactions
  • Why protecting consumer data matters

Ideal for employees who handle customer information and personal data.
Check 21
Check 21
We've already learned about Regulation CC and the Expedited Funds Availability Act. This program provides information on the Check 21 Act, which is an amendment to Regulation CC. The purpose of Check 21 is to encourage the use of technology to improve the efficiency of the check payment system and this includes making check truncation possible.
Fair Credit Reporting Act
Fair Credit Reporting Act

The Fair Credit Reporting Act (FCRA) governs how consumer credit information is collected, used, and shared. This course explains what the law requires of businesses.

What this course covers:

  • The origins of the FCRA and the FACT Act amendments
  • Permissible uses of consumer credit reports
  • What happens when someone becomes a victim of fraud
  • Guidelines for the proper disposal of credit reports

Suited to HR, lending, and compliance staff who handle credit data.
ECOA Reg-B
ECOA Reg-B

Under the Equal Credit Opportunity Act and Regulation B, creditors cannot discriminate when deciding who receives credit.

What this course covers:

  • What ECOA and Regulation B require of creditors
  • Which questions may and may not be asked of applicants
  • What information can be used in a credit decision
  • How to recognize and prevent credit discrimination

Useful for lending and credit staff who make or support credit decisions.
Adult Financial Abuse
Adult Financial Abuse

Adult financial abuse is a growing problem across the country, driven in part by an aging population and rising rates of dementia and Alzheimer's among older Americans.

What this course covers:

  • Why adult financial abuse is increasing as Americans live longer
  • How age, dementia, and Alzheimer's raise the risk of exploitation
  • Who is most vulnerable to financial abuse and why
  • Warning signs that point to potential financial abuse

Ideal for financial professionals, caregivers, and staff who work with older and at-risk adults.
Adult Financial Abuse - California
Adult Financial Abuse - California

California reports the most cases of adult financial abuse in the nation, fueled by its large and growing population of residents 65 and older.

What this course covers:

  • Why California leads the country in reported adult financial abuse cases
  • The Financial Elder Abuse Reporting Act of 2005 (FEAR) and what it requires
  • How California's aging population shapes financial abuse risk
  • Recognizing and responding to elder financial exploitation

Ideal for California financial professionals, caregivers, and staff serving older adults.
Right to Financial Privacy Act Part 1
Right to Financial Privacy Act Part 1 The Right to Financial Privacy Act of 197,8 or RFPA, was a result of the Supreme Court's Ruling in US v Miller (1976). The RFPA outlines specific process and procedures for disclosing member information to government authorities. Watch this course to find out how the RFPA applies to you!
Right to Financial Privacy Act Part 2
Right to Financial Privacy Act Part 2 There are always exceptions to rules - and the RFPA is no different. On the one hand, you have the RFPA that protects financial records from being viewed. On the other hand you have the Patriot Act, BSA, and AML which provides government agencies the right to view customer records.

Financial records are important tools in investigating drug-trafficking, espionage, fraud, and acts of terrorism. In order to keep records protected when they need to be, and viewed when they need to be, exceptions to the RFPA were created.
Foreign Corrupt Practices Act: Compliance
Foreign Corrupt Practices Act: Compliance

The Foreign Corrupt Practices Act (FCPA) is the U.S. law most often used to prosecute bribes paid abroad. This course focuses on building a program to comply with it.

What this course covers:

  • What the FCPA prohibits and why controls matter
  • Elements of an effective compliance program
  • Detecting and preventing FCPA violations
  • Tailoring controls to your business risks

Suited to compliance officers, finance teams, and managers with overseas dealings.
Foreign Corrupt Practices Act: Core Concepts
Foreign Corrupt Practices Act: Core Concepts

With over a billion dollars in FCPA resolutions in a single quarter, U.S. regulators are cracking down hard on foreign bribery. This course covers the core concepts of the law.

What this course covers:

  • The background and history of the FCPA
  • How the DOJ and SEC enforce it
  • Core concepts every employee should know
  • Conduct that actually violates the FCPA

Ideal for employees and managers new to anti-corruption compliance.
Right to Financial Privacy Act: Introduction
Right to Financial Privacy Act: Introduction

Not long ago, the U.S. government could access your bank records without your knowledge. The Right to Financial Privacy Act (RFPA) changed that by protecting sensitive financial information.

What this course covers:

  • What the Right to Financial Privacy Act (RFPA) is and its history
  • The sensitive bank records the law protects
  • Who the RFPA protects and how
  • Violations and penalties tied to the act

Ideal for financial institution staff and compliance professionals new to the RFPA.
Right to Financial Privacy Act: Gramm-Leach-Bliley Act - Title V
Right to Financial Privacy Act: Gramm-Leach-Bliley Act - Title V

This course takes an in-depth look at the Gramm-Leach-Bliley Act (GLBA) and Title V, which governs how financial institutions handle consumers' nonpublic personal information.

What this course covers:

  • The history of the Gramm-Leach-Bliley Act
  • How Title V treats nonpublic personal information
  • The three types of privacy protection GLBA provides
  • Exceptions to the law and penalties for non-compliance

Ideal for financial institution staff who safeguard consumer financial information.
Right to Financial Privacy Act: USA PATRIOT Act
Right to Financial Privacy Act: USA PATRIOT Act

The USA PATRIOT Act grew out of the September 11, 2001 attacks, when terrorists used financial institutions to move their money. This course shows how the law reshaped financial privacy.

What this course covers:

  • Why the USA PATRIOT Act was passed after September 11
  • How the act helps detect and disrupt terrorist financing
  • Customer Identification Program requirements
  • Anti-money laundering measures for financial institutions

Ideal for financial institution staff carrying out USA PATRIOT Act requirements.
Regulation E: Overview
Regulation E: Overview

Regulation E, which implements the Electronic Fund Transfer Act, protects consumers and institutions as electronic banking expands.

What this course covers:

  • The disclosures institutions must give consumers
  • Guidelines for issuing access devices like debit cards
  • Consumer and bank liability when errors occur
  • Overdraft protections, receipts, statements and prepaid account rules

The ideal starting point for staff before the detailed Regulation E modules.
Regulation E: Electronic Check Conversion
Regulation E: Electronic Check Conversion

New technology now turns a paper check into an electronic transfer, or e-check, removing much of the old processing delay.

What this course covers:

  • How electronic check conversions (ECKs) work under Regulation E
  • ECK transactions and MICR encoding
  • Consumer authorization requirements
  • Payee responsibilities in the conversion process

For banking staff who handle check processing and electronic fund transfers.
Regulation E: 03. Disclosures Part 1
Regulation E: 03. Disclosures Part 1
We know that Regulation E implements the Electronic Funds Transfer Act, the types of transfers the regulation does and does not protect, and why it's important as a financial institution to adhere to the guidelines. Regulation E also sets forth 11 disclosures, so in this course, we'll take a look at these individually so you can understand what a financial institution is required to disclose to its customers. One of the most important acts of compliance is to promptly and accurately communicate the content of these disclosures, so we'll also discuss disclosure requirements, including formatting, options, timing, and content.
Regulation E: Disclosures Part 2
Regulation E: Disclosures Part 2

Building on Disclosures Part 1, this course drills into four specific Regulation E disclosures that consumers rely on.

What this course covers:

  • Disclosures for changes to account terms
  • ATM fee disclosure requirements
  • Overdraft service fee disclosures
  • Gift card disclosure rules under Regulation E

Built for financial institution staff who prepare and review consumer disclosures.
Regulation E: Electronic Transaction Overdraft Services Opt-In
Regulation E: Electronic Transaction Overdraft Services Opt-In

Before July 2010, banks could cover an overdrawn electronic transaction and charge a fee without the consumer's consent. Regulation E changed that.

What this course covers:

  • Why the overdraft opt-in rule was added to Regulation E
  • What overdraft coverage on electronic transactions means
  • How consumers opt in to this coverage
  • What the rule means for institutions and their customers

Built for staff who manage overdraft services and consumer accounts.
Regulation E: 06. Issuance of Access Devices
Regulation E: 06. Issuance of Access Devices
Under Regulation E, an access device is a card, code, or other means of access to a consumer's account that may be used by the consumer to initiate electronic funds transfers (EFTs). Recognizable forms would be your debit card or personal identification number (PIN) used to access internet banking to initiate a transfer. In this program, we'll talk about the issuance of access devices and what's required under Regulation E.
Regulation E: Error Resolution and Consumer Liability Part 1
Regulation E: Error Resolution and Consumer Liability Part 1

Errors happen, and Regulation E sets out exactly how financial institutions must handle them.

What this course covers:

  • What constitutes an error and what does not
  • How to investigate an error once it is reported
  • What information is needed and how quickly
  • The four-step error resolution process

Designed for institution staff who receive and resolve consumer error claims.
Regulation E: Error Resolution and Consumer Liability Part 2
Regulation E: Error Resolution and Consumer Liability Part 2

Once an error is investigated, the question becomes how much liability the consumer carries. This course covers cases where an access device is involved.

What this course covers:

  • How consumer liability works under Regulation E
  • Liability levels when an access device is involved
  • The different tiers of liability and what triggers them
  • Real-life scenarios that show liability in practice

For institution staff who determine consumer liability on disputed transactions.
Regulation E: Error Resolution and Consumer Liability Part 3
Regulation E: Error Resolution and Consumer Liability Part 3

This final part of the series examines consumer liability when no access device is involved in the disputed transaction.

What this course covers:

  • How liability differs without an access device
  • The tiers of consumer liability that apply
  • What determines the consumer's level of liability
  • Real-life examples that clarify each tier

Built for institution staff resolving errors and assigning consumer liability.
Regulation E: Receipts and Periodic Statements
Regulation E: Receipts and Periodic Statements

Consumers track their electronic transactions through receipts and periodic statements, so Regulation E sets clear rules for both.

What this course covers:

  • What must appear on EFT terminal receipts
  • Terminal receipt exceptions under Regulation E
  • Periodic statement content requirements
  • The exceptions to periodic statement rules

Built for institution staff who produce receipts and account statements.
Regulation E: Preauthorized Transfers
Regulation E: Preauthorized Transfers

A preauthorized electronic fund transfer recurs at regular intervals, such as a direct-deposited paycheck or an automatic monthly bill payment.

What this course covers:

  • What Regulation E says about recurring preauthorized transfers
  • Rules for transfers to and from a consumer's account
  • How consumers can stop preauthorized payments
  • Notice requirements for transfers of varying amounts

For institution staff who set up and manage recurring EFT arrangements.
Regulation E: The Prepaid Rule Part 1
Regulation E: The Prepaid Rule Part 1

As prepaid cards became widely popular, Regulation E was expanded to protect prepaid accounts.

What this course covers:

  • Which prepaid accounts and cards are covered, and which are not
  • Error resolution and liability limitations for prepaid accounts
  • Exceptions that apply to unverified prepaid accounts
  • Required changes to periodic statements and the alternatives

For institution staff who manage prepaid card and account programs.
Regulation E: The Prepaid Rule Part 2
Regulation E: The Prepaid Rule Part 2

Continuing from Part 1, this course focuses on the disclosure and credit-related requirements of the Prepaid Rule.

What this course covers:

  • Pre-acquisition disclosures and when they are required
  • Formatting and content requirements for those disclosures
  • How hybrid prepaid credit cards are treated
  • Where to find helpful resources on the Prepaid Rule

For institution staff implementing prepaid account disclosures and programs.
Real Estate Settlement Procedures Act: Disclosures
Real Estate Settlement Procedures Act: Disclosures

The Real Estate Settlement Procedures Act (RESPA), passed in 1974, protects buyers of one-to-four-unit homes from the unnecessary closing fees that were common before the law existed.

What this course covers:

  • What RESPA is and why Congress passed it in 1974
  • The residential properties RESPA covers
  • The disclosures RESPA requires during settlement
  • How disclosures protect homebuyers at closing

Ideal for real estate, mortgage, and settlement professionals.
Real Estate Settlement Procedures Act: Kickbacks, Title Insurance, and Escrows
Real Estate Settlement Procedures Act: Kickbacks, Title Insurance, and Escrows

The Real Estate Settlement Procedures Act (RESPA), passed in 1974, protects homebuyers at closing. This course focuses on Sections 8 through 10 and the consumer protections they provide.

What this course covers:

  • The consumer protections in Sections 8 to 10 of RESPA
  • How the law addresses kickbacks and referral fees
  • RESPA rules on title insurance
  • Limits on escrow accounts

Ideal for real estate, mortgage, and title and settlement professionals.
Regulation CC: 01 Expedited Funds Availability Act Basics
Regulation CC: 01 Expedited Funds Availability Act Basics
Before 1987, back when paper checks were still a thing, MTV still aired music videos, and big hair was a MUST, many banks were holding deposits basically for as long as they wanted, before crediting consumers' accounts. "Gimme my money!" Am I right? Due to obvious public concern, congress passed the Expedited Funds Availability Act, or EFAA. The act limits the fund holding periods for all U.S. banks, savings institutions, and credit unions. This act led to many banking changes, which we'll get to throughout this series, but in this first course, we'll talk about the basics of the EFAA.
Regulation CC: 02 Expedited Funds Availability Act Exception Holds
Regulation CC: 02 Expedited Funds Availability Act Exception Holds

The Expedited Funds Availability Act sets funding timelines for deposited checks, but Regulation CC allows important exceptions to those rules.

What this course covers:

  • How the Expedited Funds Availability Act governs check funding times
  • The exceptions to Regulation CC funds availability requirements
  • When an institution may place an exception hold
  • How exception holds affect customers

Designed for deposit and operations staff who apply funds availability rules.
Regulation CC: 03 Expedited Funds Availability Act Check 21
Regulation CC: 03 Expedited Funds Availability Act Check 21

Effective in October 2004, the Check Clearing for the 21st Century Act, known as Check 21, is covered under Subpart D of Regulation CC.

What this course covers:

  • What Check 21 is and why it was enacted
  • How the substitute check works as a negotiable instrument
  • The legal framework that authorizes substitute checks
  • How substitute checks replace original paper checks

Useful for banking staff who process checks and manage funds availability.
Bank Secrecy Act Basics: 01. Overview of the Bank Secrecy Act
Bank Secrecy Act Basics: 01. Overview of the Bank Secrecy Act
Congress passed the Bank Secrecy Act in 1970 with the intent to combat money laundering in the U.S. Throughout the years, several additional regulations have passed to continue this mission. This collective group of laws that outline the bank's obligations to prevent money laundering are commonly known as BSA/AML, which refers to Bank Secrecy Act and Anti-Money Laundering. In this course, we'll talk about how the history of the Bank Secrecy Act and how it has evolved. We'll discuss who the BSA/AML regulations apply to and who is in charge of enforcing these laws.
Bank Secrecy Act Basics: 02. Money Laundering 101
Bank Secrecy Act Basics: 02. Money Laundering 101
When the U.S. government started to track large cash transactions, criminals responded by developing ways to hide the true source of their money flow, also known as money laundering. Money laundering is the process of making illegally gained funds appear to be legal. Illegally gained funds are often referred to as "dirty money." That's where the term "laundering" comes from; turning dirty money into clean money. In this program, we'll talk about the basics of money laundering. Then, we'll go over how it works, how it impacts the economy, and what the U.S. is doing to put a stop to it.
Bank Secrecy Act Basics: 03. Components of a Money Laundering Operation
Bank Secrecy Act Basics: 03. Components of a Money Laundering Operation
Money laundering can be a very shady and hard-to-identify criminal scheme. It's important to understand the basic structure of a money laundering operation, so you can recognize when it's happening. All money laundering schemes have three elements: placement, layering, and integration. In this program, we'll talk through these three stages so that you're able to identify criminal activity when it occurs. We'll also discuss what to do if you suspect that money laundering is taking place in your financial institution.
Bank Secrecy Act Basics: 04. Requirements and Purpose of the Bank Secrecy Act
Bank Secrecy Act Basics: 04. Requirements and Purpose of the Bank Secrecy Act
The Bank Secrecy Act established a robust set of regulations for banking institutions, including the requirement that every financial institution establish a BSA compliance program to deter illegal money laundering activity. The act also created a pathway through which law enforcement can investigate these types of crimes. In this course, we'll explore the five main components of the BSA/AML program requirements and go over who is responsible for leading the effort.
So What's the Big Deal?
So What's the Big Deal? So, what's the big deal? Is anyone really hurt by money laundering? Shouldn't we be focused on preventing the crimes that produced the dirty money rather than the attempts to cover up the crime after the fact? As we'll see in this course, when it comes to money laundering, it's not so simple and clear-cut.
Manipulating the System
Manipulating the System In this program we're going to discuss the events that led to a major overhaul of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulations in 2001. In the other courses in this series, we've looked at how AML laws were developed to stop dirty money from entering the banking system. Some of the most significant changes to a bank's AML program have been a result of the passage of the USA PATRIOT Act, passed in direct response to the 9/11 attacks.
Bank Secrecy Act for Frontline Employees: 01. What Are Currency Transaction Reports? (aicc)
Bank Secrecy Act for Frontline Employees: 01. What Are Currency Transaction Reports? (aicc)
The best way to combat money laundering is to prevent dirty money from entering into the financial system. The currency transaction report, or CTR, was designed to help financial institutions keep that from happening. In this course, we'll discuss all the basics of CTRs: how they work, when to use them, where they go, and the information you're required to keep.
Bank Secrecy Act for Frontline Employees: 02. Filing Currency Transaction Reports
Bank Secrecy Act for Frontline Employees: 02. Filing Currency Transaction Reports
Our Banking library covers topics such as Regulation E, credit unions, bank secrecy basics for frontline employees and management, loan processing, PATRIOT Act, robbery training, check fraud, the Right to Financial Privacy Act, Foreign Corrupt Services Act, and much more.
Bank Secrecy Act for Frontline Employees: 03. Suspicious Activity Reports
Bank Secrecy Act for Frontline Employees: 03. Suspicious Activity Reports
At the most basic level, regulatory compliance is all about risk management. In this course, we'll discuss one important way to manage risks when it comes to money laundering: the suspicious activity report, or SAR. These are documents that financial institutions must file with the Financial Crimes Enforcement Network, or FinCEN. We'll talk about what circumstances require these documents, go over who can file them, and list what information should be included. We'll also cover the confidentiality requirements of suspicious activity reports, what happens if you're wrong in filing a SAR, and some other general rules of filing these reports.
Bank Secrecy Act for Frontline Employees: 04. Customer Information Programs (aicc)
Bank Secrecy Act for Frontline Employees: 04. Customer Information Programs (aicc)
As part of the USA PATRIOT Act, financial institutions are required to have customer identification programs, or CIPs. This helps prove customer identities, which is a key part in fighting money laundering schemes. In this course, we'll talk about what this means to you as a bank employee. We'll discuss the important distinction between customers and consumers, as they relate to BSA/AML. We'll go over who this rule applies to and the specific information you're required to collect to verify identification. We'll also look at specific recordkeeping rules for CIPs.
Bank Secrecy Act for Frontline Employees: 05. Office of Foreign Assets Control (aicc)
Bank Secrecy Act for Frontline Employees: 05. Office of Foreign Assets Control (aicc)
The Office of Foreign Assets Control, or OFAC, is a division of the Treasury Department. Their role is to administer and enforce economic sanctions programs against countries or groups of individuals such as terrorists and traffickers. When economic sanctions are initiated, OFAC is responsible for ensuring that no one conducts business with that entity and that sanction guidelines are followed. In this program, we'll go over how these sanctions work, review screening against the Specially Designated Nationals List, or SDN, and cover what to do if someone who's flagged tries to bank with you.
Bank Secrecy Act for Frontline Employees: 06. Review of Money Laundering Activities (aicc)
Bank Secrecy Act for Frontline Employees: 06. Review of Money Laundering Activities (aicc)
You should already be familiar with BSA/AML regulations and some of the red flags for money laundering. So in this course, we're going to dive a bit deeper, while doing a review of those red flags. We'll go over various ways that wire transfers are used to launder money, and we'll also discuss unusual activities to stay aware of. However, it's important to note that none of the activities we're discussing in the course are illegal on their own. Successful money laundering is a layered, complex process, almost never involving a single transaction.
Bank Secrecy Act for Managers: 03. Wire Transfers and Money Laundering (aicc)
Bank Secrecy Act for Managers: 03. Wire Transfers and Money Laundering (aicc)
It's likely not a surprise to you that cash or currency is no longer playing a leading role in our economy. Most financial exchanges today depend on a complex system of electronic fund transfers instead of cash. In this program, we're going to focus on how some people exploit that system to launder money. For the sake of simplicity, we're going to refer to all of these electronic transactions simply as wire transfers, which play an integral role in the second phase of money laundering: layering. Here, we'll cover how to stay vigilant against the use of wire transfers in money laundering schemes.
What SAR? I Don't Know Anything About an SAR.
What SAR? I Don't Know Anything About an SAR. In an effort to get a "big picture" view of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance, keep in mind that your responsibility is to observe, report, and identify your customers. As with any kind of regulatory compliance, there will be some specific rules that you'll need to keep in mind as you do your job. But if you keep these three things in mind, you'll be fine. In this course, we'll discuss the specifics of filing a Suspicious Activity Report (SAR).
Bank Secrecy Act for Managers: 01. Money Laundering Risk Factors
Bank Secrecy Act for Managers: 01. Money Laundering Risk Factors

Certain customers and transactions carry a higher risk of money laundering, and regulators expect managers to know the red flags that call for a closer look.

What this course covers:

  • The red flags identified by FinCEN and other regulators
  • Risk factors that signal potential money laundering
  • When enhanced due diligence is required
  • How managers apply a risk-based approach under the Bank Secrecy Act

Ideal for banking managers and compliance leaders overseeing BSA/AML programs.
Bank Secrecy Act for Managers: 02. BSA Compliance Program Requirements (aicc)
Bank Secrecy Act for Managers: 02. BSA Compliance Program Requirements (aicc)
All financial institutions are required to establish and maintain a Bank Secrecy Act compliance program. Therefore, it's essential that all leaders in your organization understand the requirements, so you can support the program and understand your role. In this program, we'll dive into the basics of the BSA's compliance program requirements. We'll go over procedures and practices, the customer identification program, and conducting customer due diligence, or CDD.
Bank Secrecy Act for Managers: 04. Money Services Businesses (aicc)
Bank Secrecy Act for Managers: 04. Money Services Businesses (aicc)
A money services business, or MSB, refers to a non-bank that cashes checks, exchanges currency, issues travelers' checks, or sells money orders. So, it's basically any business that provides banking services but doesn't accept deposits. So how do MSBs work when it comes to compliance with BSA/AML regulations, and what does it have to do with you? That's what this course is all about. In this program, we'll dive into MSBs so you can better understand how they operate and the necessary due diligence you'll need to do with your own customers who may use MSBs.
Bank Secrecy Act for Managers: 05. Exceptions to the Rule (aicc)
Bank Secrecy Act for Managers: 05. Exceptions to the Rule (aicc)
Typically, when an organization or individual makes a money exchange, like withdrawing or depositing $10,000, you have to file a currency transaction report, or CTR, to help prevent money laundering, but there are exceptions. In this program, we'll walk through the guidelines provided by BSA/AML regulations for exempting certain businesses from currency transaction reporting requirements. We'll go over the two categories of exempt businesses: Phase I and Phase II. We'll talk about which businesses fall into these categories, and why.
Bank Secrecy Act for Managers: 06. Enhanced Due Diligence (aicc)
Bank Secrecy Act for Managers: 06. Enhanced Due Diligence (aicc)
The USA PATRIOT Act first established the concept of "enhanced" due diligence in regard to organizations that pose a higher risk of money laundering or terrorist financing. Under the law, these businesses require a different level of evaluation than other organizations. Your existing customer due diligence (CDD) program already outlines what information will be collected and analyzed as part of the customer risk profile. So, for customers requiring enhanced due diligence, you'll be conducting a deeper analysis. In this course, we'll explore the types of customers that require enhanced due diligence and go over what that process looks like.
Bank Secrecy Act for Managers: 07. True Stories of Money Laundering (aicc)
Bank Secrecy Act for Managers: 07. True Stories of Money Laundering (aicc)
In this course, we'll discuss several case studies involving money laundering schemes. Without giving specific names and financial institutions, we'll share several real-life stories provided by the Financial Crimes Enforcement Network, or FinCEN. Hopefully, by walking through some of these scenarios, you'll gain a better understanding of the events, risks, and consequences associated with money laundering.
Bank Secrecy Act for Managers: 08. USA PATRIOT Act and Information Sharing Requests (aicc)
Bank Secrecy Act for Managers: 08. USA PATRIOT Act and Information Sharing Requests (aicc)
One of the primary goals of the USA PATRIOT Act is to break down the barriers preventing government agencies from sharing information with each other and with non-governmental groups. For banking institutions, provisions in this act changed what types of data banks were allowed to share with law enforcement and with each other. In this program, we'll dive a bit deeper into what you need to know about the USA PATRIOT Act and what's required of your team. First, there are two types of information sharing outlined in section 314 of the USA PATRIOT Act. You don't need to know the specific language, but it's important that you can identify these information requests by name.
Changes in July 2010
Changes in July 2010

In November 2009, the Federal Reserve Board amended Regulation E to change how banks may charge overdraft fees on ATM and one-time debit card transactions, with the rules taking effect July 1, 2010.

What this course covers:

  • The Regulation E amendment and why it was made
  • Overdraft fees on ATM and one-time debit card transactions
  • The consumer opt-in, or affirmative consent, requirement
  • What changed when the rules took effect on July 1, 2010

Ideal for banking staff who handle overdraft programs and consumer accounts.

Frequently Asked Questions

This course is designed for employees who need to complete Financial Compliance training

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 495 minutes to complete and can be paused and resumed at any time.

Yes. Learners receive a downloadable certificate upon successful completion, which can be used for compliance records and audits.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

Yes. This course is available for free with an active Prime Subscription.

Yes. Refund requests can be submitted within 30 days of purchase.

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