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Compliance Officer Training Matrix (by Topic)

Updated over 2 weeks ago

This matrix outlines all required and recommended compliance training steps for Compliance Officers, organized by Topic and Training Priority.

Anti-Money Laundering (AML)

Training Priority	Step Titles
Must Know	Anti-Money Laundering (AML) 101 ~26 mins Resource: What is Anti-Money Laundering AML Defined AML Rules and Regulations Resource: The Three Stages of Money Laundering Stage 1: Placement Stage 2: Layering Stage 3: Integration The Lowdown on Money Laundering Mastery Test: AML

Bank Secrecy Act (BSA)

Training Priority

Step Titles

Must Know

The Essentials of the Bank Secrecy Act

~26 mins

Resource: Background and History of the BSA

Background of the BSA

Resource: Currency Transaction Report

The Ins and Outs of Currency Transaction Reporting

Resource: Suspicious Activity Report

The Ins and Outs of Suspicious Activity Reporting

Resource: Foreign Bank Account Report

FBAR: What Needs and Doesn't Need to Be Reported

Resource: Other Reports

Other Reporting Requirements

Mastery Test: The Essentials of the Bank Secrecy Act 101

Office of Foreign Assets Control (OFAC)

Training Priority

Step Titles

Must Know

Identifying Red Flags

~28 mins

Resource: Identifying Red Flags and Transactions

Identifying Red Flags

Red Flags: Transactions 1
Red Flags: Transactions 2

Resource: Other Transactions and Customer Accounts

Red Flags: Other Transactions

Red Flags: Customer Accounts

Red Flags: Nature of Business, Origination of Funds, and Clients

Mastery Test: Identifying Red Flags

OFAC Overview

~28 mins

Resource: OFAC

Overview of OFAC

Resource: Specially Designated Nationals and Responsibilities and Obligations

Specially Designated Nationals (SDNs)

Responsibilities and Obligations

Resource: OFAC Authority and OFAC's Settlement with Standard Chartered Bank

The Ins and Outs of OFAC's Authority

OFAC's Settlement With Standard Chartered Bank

Mastery Test: OFAC

Fair Lending

Training Priority

Step Titles

Must Know

Fair Lending Overview and Discrimination Definitions

~22 mins

Resource: Fair Lending Overview

Fair Lending Overview

Fair Lending: Discrimination Definitions

Illegal Discrimination

Overt Discrimination

Disparate Illegal Discrimination

Disparate Impact Discrimination

Mastery Test: Fair Lending Overview and Discrimination Definitions

Predatory Lending and Redlining

~18 mins

Resource: Predatory Lending and Redlining

What is Predatory Lending

How Predatory Lending Works

What is Redlining

How Redlining Works

Mastery Test: Predatory Lending and Redlining

Establishing a Fair Lending Program

~20 mins

Resource: Establishing a Fair Lending Program

Factors Lenders May Consider

Fair Lending Program Requirements

Preventing the Occurrence of Fair Lending Violations

Fair Lending Risk Factors

Fostering Fair Lending with Customers

Mastery Test: Establishing a Fair Lending Program

Gramm-Leach-Bliley Act (GLBA) / Consumer Privacy

Training Priority	Step Titles
Must Know	Consumer Privacy ~24 mins Resource: GLBA, CCPA and Consumer Privacy Privacy Overview Key Privacy Regulations Historical Context of Privacy Regulations Implementing Privacy Best Practices Challenges in Privacy Management Mastery Test: Privacy: GLBA, CCPA and Consumer Privacy

Deposit Compliance (Reg D, Reg DD, Reg CC, Reg E)

Training Priority

Step Titles

Must Know

Deposit Compliance, Regulation D, and Regulation DD

Resource: Overview of Regulations and Deposit Compliance Requirements

Deposit Compliance Overview

Overview of Relevant Regulations

Resource: Regulation D

Regulation D: Scope and Implementation

Regulation D: Covered Deposits and Liabilities

Regulation D: Reserve Requirements

Resource: Regulation DD

Regulation DD: Scope and Purpose
Regulation DD: Truth in Savings Act (TISA)

Mastery Test: Deposit Compliance, Regulation D, and Regulation DD

Regulation CC: Availability of Funds and Collection of Checks Act

Resource: Regulation CC: Availability of Funds

Regulation CC: Scope and Purpose

Regulation CC: Next-Day Availability Deposits

Regulation CC: Requirements for Financial Institutions

Resource: Collection of Checks

The Check 21 Act

Mastery Test: Regulation CC: Availability of Funds and Collection of Checks Act

Regulation E: Electronic Fund Transfers and Garnishment Rule

~22 mins

Resource: Regulation E: Electronic Fund Transfers

Regulation E: Scope and Purpose

Regulation E: Covered EFT Types

Resource: Garnishment Rule

Garnishment Rule: Part 1
Garnishment Rule: Part 2

Mastery Test: Regulation E and Garnishment Rule

Cybersecurity

Training Priority	Step Titles
Must Know	Computer Security Basics ~26 mins Resource: Cybersecurity Cybersecurity Overview Key Cybersecurity Regulations The Evolution of Cybersecurity in Financial Institutions Implementing Cybersecurity Best Practices Challenges in Cybersecurity Management Cybersecurity Case Studies Mastery Test: Cybersecurity

U.S. Regulators

Training Priority	Step Titles
Must Know	FinCEN's Scope and Mission

Code of Ethics

Training Priority

Step Titles

Must Know

Code of Ethics

~18 mins

Resource: Introduction and Core Principles

Code of Ethics: Overview

Core Principles of a Code of Ethics

Resource: Importance, Regulations and Ethical Compliance, and Ethical Challenges

Regulations and Ethical Compliance

Mastery Step: Code of Ethics

Conflict of interest

~15 mins

Resource: Overview and Types of Conflicts of Interest

Overview: Conflicts of Interest

Types of Conflicts of Interest

Ethical Challenges

Resource: Regulatory Framework, Impacts, and Best Practices for Managing Conflicts of Interest

Regulatory Framework for Managing Conflicts of Interest

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