Bank Compliance Center

In today’s banking environment as soon as one big new regulation is implemented another pops up. ICBA’s compliance training opportunities and exceptional resources, online and offline, will help your community bank stay informed and one step ahead of the regulators.

Recent Compliance News


Nov 13, 2023 | NewsWatch Today
Grassroots key as Congress debates spending bills

With Congress working this week to advance funding bills to avoid a government shutdown ahead of Friday’s deadline, ICBA is calling on community bankers to contact their members of Congress on pressing legislative issues.

Nov 9, 2023 | NewsWatch Today
FinCEN issues final rule on beneficial ownership identifiers

The Financial Crimes Enforcement Network issued a final rule that specifies the circumstances in which a reporting company may report an entity’s FinCEN identifier in lieu of information about individual beneficial owners.

Nov 9, 2023 | NewsWatch Today
Regulators target CRA, interchange, climate standards

Federal Reserve Governor Michelle Bowman expressed concerns with the community bank impact of regulators’ Community Reinvestment Act final rule and other recent agency actions.

Nov 9, 2023 | NewsWatch Today
ICBA, state groups request comment extension on 1033 proposal

ICBA and its affiliated state community banking associations called on the Consumer Financial Protection Bureau to extend the comment deadline on its proposal to implement standards for sharing consumer financial data under Section 1033 of the Dodd-Frank Act.

Upcoming Compliance Training
Dec 5, 2023 | Webinar

Regulatory Compliance Updates: Q4

Compliance Question of the Week

Question: For electronic banking what types of BSA/AML red flags should be considered for the risk assessment?

ANSWER:

The following is not a definitive list, each bank should develop its risk assessment based on its own set of circumstances and the complexity of its electronic banking system.

That said, per the BSA examination manual: Accounts that are opened without face-to-face contact may be a higher risk for money laundering and terrorist financing for the following reasons:

  • More difficult to positively verify the individual’s identity.
  • Customer may be out of the bank’s targeted geographic area or country.
  • Customer may perceive the transactions as less transparent.
  • Transactions are instantaneous.
  • May be used by a “front” company or unknown third party.

Based on the assessment, the bank should develop a comprehensive program that establishes BSA/AML monitoring, identification, and reporting for unusual and suspicious activities occurring through e-banking systems.

Reference: FFIEC BSA/AML Examination Manual 2/27/2015.V2

 

 


 

Compliance Vault


The ICBA Compliance Vault is now available as a member benefit to all ICBA members.

The Compliance Vault is a reliable search tool that helps you find answers to your regulatory compliance questions, with access to over 2,500 Q&As, select online courses, and documents.

Learn more & open the vault

Compliance Resources


Online Training

Compliance Certificate Program

Online Certificates

This certificate program consists of four critical learning areas (29 total courses). Each course includes an exam and then one final comprehensive exam at the end. This program takes approximately 20 hours to complete.

The Compliance Certificate is for individual learners only and is not available for bank-wide use. Purchasers of the individual certificate will have access to the program for 365 days from the date of purchase. Certificates cannot be transferred to another user.

Course Listing:

Area 1: Lending

  • Introduction to Lending Compliance
  • Regulation Z: Overview
  • Regulation Z: Closed-end Credit (Non-Real Estate)
  • Regulation Z: Closed-end Credit (Real Estate)
  • Regulation Z: Open-end Credit (Non-Real Estate)
  • Regulation Z: Open-end Credit (Real Estate)
  • RESPA: Overview
  • Regulation B: Equal Credit Opportunity Act - Overview
  • Regulation B: Adverse Action
  • Fair Lending: Overview
  • Home Mortgage Disclosure Act: In Depth
  • Flood Disaster Protection Act
  • Regulation O: Insider Lending – In Depth
  • Military Lending Act

Area 2: Deposits

  •  Introduction to Deposit Compliance
  • Regulation E: Overview
  • Regulation E: Liability & Error Resolution
  • Regulation DD: Truth in Savings Act in Depth
  • Regulation CC: Funds Availability Act – In Depth

 Area 3: Operations

  • Understanding UDAAP
  • Regulation BB: Community Reinvestment Act
  • Red Flags Identity Theft Prevention Program
  • Regulation P: Consumer Privacy – In Depth
  • FCRA: Affiliate Marketing
  • FCRA: Overview
  • FCRA: Risk Based Pricing

 Area 4: BSA

  • Bank Secrecy Act – BSA & Compliance Officers
  • Bank Secrecy Act – Red Flags
  • Bank Secrecy Act – Customer Due Diligence & Beneficial Ownership

CPE Credits: 21

$499 / ICBA Members

$1,499 / Non-Members

Buy Now