New employees need to get up to speed on critical regulations and the consequences of noncompliance. With this program, attendees will learn about critical regulations, industry terms and acronyms, and general security principles – because sadly, something unfortunate could occur even during an employee’s first few days.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Explain best practices for maintaining consumer privacy
- Define the five pillars of the Bank Secrecy Act (BSA)
- Identify red flags for identity theft
- Understand the concept of unfair, deceptive, or abusive acts or practices
- Recognize the importance of equal treatment through fair lending
- Use general financial institution security procedures
Timely regulatory training is critical when onboarding a new employee. This webinar will provide an overview of several consumer compliance rules and regulations that are applicable to all staff, including the concept of money laundering and how the five BSA pillars work as a deterrent. It will address the importance of privacy and security of financial information, including recognizing red flags for identity theft. Other topics will include:
- Bank Bribery Act
- Bank Secrecy Act, including OFAC
- Fair lending
- Fair and Accurate Credit Transactions Act (ID theft red flags)
- Information security
- Privacy of Consumer Financial Information (Reg P)
- Security programs
- Unfair, deceptive, or abusive acts or practices (UDAAP)
WHO SHOULD ATTEND?
This informative session is designed for all employees, including branch, back-office, lending, compliance, and human resources staff. All new hires will benefit.
- Summary of consumer compliance regulations
- List of common financial acronyms
- Employee training log
- Interactive quiz
SPEAKER: Molly Stull, Brode Consulting Services, Inc.
Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since. She has experienced the growth of a hometown bank, branch mergers, charter changes, name changes, etc. Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners. Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures. Molly holds a bachelor’s from the University of Akron and an MBA from Ashland University.