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#2055950 - 12/29/15 02:15 PM Required Annual Training
Kristi Offline
Member
Kristi
Joined: Feb 2005
Posts: 94
I just want to verify that BSA is the only compliance area (both loan and deposit side) with annual training requirements. If there's anything else with an annual requirement could someone please let me know.
Thanks!

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General Discussion
#2055962 - 12/29/15 02:38 PM Re: Required Annual Training Kristi
yankee07 Offline
New Poster
Joined: Aug 2010
Posts: 23
There are other annual training requirements i.e. Privacy (RegP), FACT Act & ID Theft Red Flags,and Reg CC, are some other training courses that should be conducted.

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#2055977 - 12/29/15 03:10 PM Re: Required Annual Training yankee07
Bville Offline
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Bville
Joined: May 2001
Posts: 1,282
Out West
SAFE Act requires annual training.

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#2055981 - 12/29/15 03:16 PM Re: Required Annual Training Kristi
Doug Hendrickson Offline
Power Poster
Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
This thread may also help. Note that few of the regulations themselves REQUIRE training, but as AndyZ points out: "Sometimes the difference between "required" and "good to do" might be a cite in the Report of Exam."

https://www.bankersonline.com/forum/ubbthreads.php?ubb=showflat&Number=43680
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#2056047 - 12/29/15 06:23 PM Re: Required Annual Training Kristi
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
BSA's "annual" training requirement is mythological unless your bank has made a statement to that effect in its own policies and procedures. The same for Regulation CC. Both require training, neither specifies a frequency. Regulation P does not contain a training requirement. The information security portion of GLBA might, I don't remember.
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