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Fort Washington, PA 19034

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Compliance Training | Regulatory Compliance | Edcomm Group

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Seat Time: 2.75hrs - Desc:

This course will discuss the Bank Secrecy Act (BSA) and the importance of recordkeeping and reporting relative to Operations. The learner will be exposed to different means of reporting. After completing the program the learner will be able to:

  • Differentiate between Suspicious Activity Reports (SARs), Monetary Instrument Logs (MILs), and Currency Transaction Reports (CTRs).
  • Utilize customer identification procedures.
  • Recognize potential red flags and suspicious activity.
Seat Time: 1hrs - Desc:

This course will introduce the learner to the role of the RMLO in ensuring that s/he remains compliant with all aspects of the Bank Secrecy Act in everything that s/he does at the institution. The course will familiarize the learner with the Act itself, in addition to how, when, and why to file CTRs and SARs, in addition to how to apply BSA requirements to other aspects of the institution’s operations. 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.

Seat Time: 2.75hrs - Desc:

This course will discuss the Bank Secrecy Act and the importance of recordkeeping and reporting in particular to the role of teller. The learner will be exposed to different means of reporting. After completing the program the learner will be able to:

  • Differentiate between Suspicious Activity Reports, Monetary Instrument Logs, and Currency Transaction Reports.
  • Utilize customer identification procedures.
  • Recognize potential red flags and suspicious activity.
Seat Time: 3hrs - Desc:

This course will introduce the learner to the role of the Trust and Investments department in ensuring that the institution remains compliant with all aspects of the Bank Secrecy Act. The course will familiarize the learner with the Act itself, in addition to how, when, and why to file CTRs and SARs.The course will also discuss how to apply BSA requirements to other aspects of the institution’s operations. 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.

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.

Seat Time: 1hrs - Desc:

This course will introduce the learner to the CAN-SPAM Act of 2003, and the regulations and options surrounding consumer email. The learner will begin to understand the examination process surrounding financial institutions and their compliance with federal laws. After completing this program, the learner will be able to:

  • Distinguish between an unsolicited advertisement and an established business relationship.
  • Understand the purpose and use of the Do-Not-Call-Registry.
  • Adhere to the goals of the CAN-SPAM Act.
Seat Time: 0.25hrs - Desc:

This course will emphasize the importance of regulations passed by the Consumer Financial Protection Bureau (CFPB) by providing the learner with details on the implementation of new rules. Additionally, the learner will be able to prepare his/her institution for CFPB rule compliance. Upon completion of this course, the learner will understand:

  • The Ability to Pay/Qualified Mortgage Rule
  • The ECOA Valuations Rule
  • The TILA Higher-Price Mortgage Loan Appraisal and Escrow Rules
  • The HOEPA Rule and Loan Origination Compensation
Seat Time: 1.25hrs - Desc:

This course will familiarize the learner with Check Clearing for the 21st Century Act and the process of check truncation. The learner will be able to recognize substitute checks and understand the legalities surrounding them. After completing this program, the learner will be able to:

  • Differentiate between warranties and indemnities required under Check 21.
  • Make and submit claims for recredits which consumers may ask for under certain conditions.
  • Communicate with customers about Check 21.
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