Description
Did you know that one “simple” transaction-a deposit of some cash and a few checks into a checking account-can be governed by at least seven regulations or Acts? Those on the frontline are responsible for placing appropriate holds on funds, providing accurate disclosures in a timely manner and identifying and reporting suspicious activity all while providing outstanding service. In this on-demand session, we will dive into the regulations from A to Z and back again and focus on the specific requirements and guidelines that affect your role and responsibilities as a member of the frontline.
We will also discuss your role with compliance reviews and audits and detail the nuts and bolts of a compliance exam. We will review the issues recently cited by examiners that are related to deposit compliance and specifically those that impact your duties as a member of the frontline team. We will provide hands on training that will enable you to avoid similar errors!
In addition, you will be provided with helpful tools you can utilize in your daily routine to guide you through regulatory requirements, aid in identifying red flags and assist in answering accountholder questions.
Learning Objectives:
- Detail the compliance regulations that impact your day-to-day responsibilities
- Accurately calculate the amount and timing of Reg CC holds
- Meet enhanced BSA expectations
- Avoid Reg E error resolution errors
- Properly place stop payments for electronic and paper items
- Understand the importance of ethics and confidentiality
This on-demand session is ideal for both compliance and frontline personnel.
* Please note that the recording access will be delivered to you via a downloadable document in your confirmation e-mail. The materials that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
