Approx Length: 6 hours

Deposit compliance refers to the rules and regulations governing deposits received by banks. These regulations cover savings, checking, credit cards, debit cards, and privacy, as well as rules for anti-money laundering, electronic funds transfer, advertising, and more!

To help you and your team to better understand and comply with these rules and requirements, our "Certificate In Deposit Compliance Program" provides a number of educational modules as listed below.

Anatomy of a Regulation for Compliance Professionals

Discover how laws are created, and how regulations are developed and structured to fulfill their intent. Throughout this course you will learn about the standard means for referencing a citation and receive tips for researching various laws and regulations more efficiently. After completing this course, you should be able to:

• Explain the purpose of federal banking laws and regulations
• Explain how bills become law and describe the structure of a typical law
• Describe the structure and format of regulations
• Identify sources of guidance and practical tips for understanding and interpreting federal laws and regulations

BSA/USA Patriot Act for Compliance Professionals

An overview of the background, purpose, coverage and enforcement of the Bank Secrecy Act (BSA), as updated by the new components required by the USA PATRIOT Act, along with other anti-money laundering considerations.

Key learning objectives for this module include:

• Explain the importance of a risk assessment program
• Describe the purpose and significance of the customer identification program
• Discuss your bank's customer due diligence policies, procedures and processes
• Explain the requirements for suspicious activity reporting
• Identify currency transaction reporting requirements and the two categories of exemptions

Digital Compliance for Compliance Professionals

The fundamental issues of compliance in the age of electronic signatures and the Web, as well as how to apply the various rules when engaging with customers and employees in the digital world.

After completing this course, you should be able to:

• Explain the advertising rules for financial institutions
• Define social media and the FFIEC guidance requirements
• Describe the regulatory considerations associated with digital banking services
• Explain mobile banking services and the regulatory requirements
• Identify the considerations for a vendor handling a bank's digital channels

Electronic Funds Transfer Act (Reg E) for Compliance Professionals

An overview of the fundamental requirements of the Electronic Funds Transfer Act (EFTA) and Regulation E, with examples of dispute resolution application and checklists. Key learning objectives for this module include:

• Describe the disclosures required by Regulation E and the penalties, and violations for non-compliance
• Define electronic funds transfer error resolution
• Explain how to handle inquiries about customer liability
• Explain the Regulation E rules pertaining to debit cards and ATM overdraft fees, and fee restrictions and expiration dates on gift cards
• Identify the transactions and disclosure requirements covered under the foreign remittance rules

Elements of a Compliance Program for Compliance Professionals

A must-have course for understanding the types of risk assessments, key risk indicators, the ranking of risk exposures, how to manage and control risk, how to identify risk trends and leveraging training to control risk. Learn tips on how to effectively communicate risks to your senior management and examiners.

After completing this course, you should be able to:

• Explain the key elements that form the foundation of a sound and effective compliance program
• Identify ideas and examples of various ways each element can be integrated into compliance programs for banks of varying sizes, resources, geographies, and business activities
• Describe how to document and present compliance programs to various constituencies such as senior management, the Board of Directors, or regulatory examiners

Expedited Funds Availability Act (Reg CC) for Compliance Professionals

The basic provisions of Regulation CC, which implements the Expedited Funds Availability Act, focusing on the provisions of the regulation that affect customer-contact functions. An overview of the check processing system, Check 21, and remotely created checks is also included.Key learning objectives for this module include:

• Explain the types of accounts covered under Reg CC and the verbiage that must be included in a hold notice
• Identify items that are subject to next day availability and exceptions to next day availability
• Describe the guidelines for using case-by-case holds and exception holds
• Describe Reg CC requirements relating to check processing
• Identify additional requirements under Reg CC, including disclosure requirements, employee training, and record retention

Office of Foreign Assets Control (OFAC) for Compliance Professionals

A discussion of the economic sanctions programs under the Office of Foreign Assets Control or OFAC, how they affect banks and the steps banks must take to comply. The fundamental requirements of a compliance program and the relationship between OFAC and BSA is also covered. After completing this course, you should be able to:

• Describe the purpose of the Office of Foreign Assets Control and some of the OFAC laws and penalties
• Explain who and what is covered by OFAC requirements and other related sanction programs
• Describe elements of an OFAC bank compliance program
• Explain how OFAC enforces sanctions compliance
• Describe additional considerations for banks when developing a sanctions compliance program

Privacy/Information Sharing for Compliance Professionals

Focusing on confidential customer information banks are allowed to gather with permissible purpose and requirements for sharing that confidential information when permitted by regulation, this course reviews the key privacy laws and the delicate balance of freedom of speech and the government's right to mandate some information disclosure.

...plus modules for:

Reserve Requirements for Depository Institutions Act (Reg D) for Compliance Professionals
Truth-in-Savings Act (Reg DD) for Compliance Professionals
Unfair, Deceptive or Abusive Acts or Practices (UDAAP) for Compliance Professionals

How To Access Your Course

Upon enrollment, you will receive an email from the course provider (CFTEA.org) with links and passwords to access your course. You will have full access to the course and it's modules for one full year.

About Your Certificate

Upon successful completion of the course, and you passing the final exam with a score of 80 or better, a Certification Of Completion is available to download.