Course Outline

Seat Time: 1.5hrs 

This course will introduce the learner to the notion of compliance and the organization's commitment to adhering to laws and regulations surrounding compliance factors. The learner will also be exposed to the risks of non-compliance and the regulatory agencies involved. After completing this program, the learner will be able to:

• Recognize regulatory agencies responsibility for the laws that affect the financial industry.
• Understand the necessity for compliance and recognize the risks of non-compliance.
• Apply commitment to compliance to customer relations.

Course Topics

T1. Our Compliance Commitment: This topic will discuss an organization's commitment to full compliance with the laws and regulations established by regulatory agencies by providing information about roles and responsibilities, training, and other regulations.

T2. A History of Compliance: This topic will provide an overview of the history of banking around the world, from the 30th century B.C. and the onset of banking as an institution, to the present day and age and the fight against money laundering and terrorist financing.

T3. Compliance and the Financial Institution: This topic will define compliance in relation to financial institutions, including information about regulations and compliance in the workplace.

T4. The Risks of Non-Compliance: This topic will emphasize the importance of compliance regulations, with the reminder that errors harm the general public and the institution; it will also provide information about the penalties for non-compliant institutions.

T5. The Regulatory Agencies: This topic will provide an explanation of regulatory agencies and their responsibilities for the laws that affect the financial industry, including information about the Senate, House Committee, State Departments, and more.

T6. Audits and Examinations: This topic will describe the processes and procedures behind audits and examinations, with information about their requirements and their importance to regulatory agencies.