CSBS BAI Course Catalog

Identity Theft

Identity Theft Red Flags: Duties of Financial Institutions and Creditors 30 minutes Financial institutions and creditors must develop, implement, and maintain identity theft prevention programs that address the issues and areas specific to their business, customers, and location. This course surveys program requirements and Red Flags for possible identity theft as outlined by the FACT Act. It also discusses procedures credit report users must follow when they receive a Notice of Address Discrepancy from a consumer reporting agency and the address validation requirement that applies to credit card and debit card issuers. The course is recommended for all financial institution employees, especially tellers, lending personnel, security officers, and the board of directors. Interbank Liabilities 40 minutes Regulations F, Y, LL, and MM are regulations of the Board of Governors of the Federal Reserve System that govern limitations on interbank liabilities and the activities of bank and savings and loan holding companies. This course provides an overview of each regulation’s rules and procedures. International Banking 30 minutes Intended for bank executives, the board of directors, and the accounting department, this course provides an overview of the Foreign Corrupt Practices Act (FCPA), including what constitutes bribery, the importance of following proper accounting provisions, elements of an effective compliance program, and penalties for noncompliance. Investments 15 minutes Broker-dealers are required by law to conduct due diligence on securities before selling them. And they should be able to educate their clients on best practices for conducting their own due diligence. Aimed at investment advisors, brokers, and traders, this course introduces the purpose and process of due diligence for placing trades, its role in risk management, and best practices for conducting due diligence. IRAs and Education Savings Accounts 30 minutes This course provides an overview of IRAs, including the differences between traditional IRAs and Roth IRAs and the benefits and requirements of a Coverdell Education Savings Account. Federal Reserve Regulations F, Y, LL, and MM Foreign Corrupt Practices Act (FCPA) Compliance Due Diligence for Placing Trades Understanding IRAs

52