Legal Aspects of Compliance in Banking Training Course.

Introduction

The banking sector faces increasing regulatory scrutiny due to financial crimes, digital transformation, and cross-border transactions. This course provides a comprehensive understanding of banking compliance laws, covering key regulatory frameworks, anti-money laundering (AML), fraud prevention, and legal challenges in digital banking.

Objectives

By the end of this course, participants will:

1. Understand key global banking regulations (e.g., Basel III, FATF, GDPR, Dodd-Frank, PSD2).
2. Learn how to develop and implement banking compliance programs.
3. Identify and mitigate financial crime risks, including AML and counter-terrorist financing (CTF).
4. Explore the legal implications of digital banking, fintech, and cryptocurrencies.
5. Gain expertise in consumer protection laws and regulatory reporting.
6. Prepare for future compliance challenges in AI-driven banking and decentralized finance (DeFi).

Who Should Attend?

This course is ideal for professionals in banking, finance, and regulatory compliance, including:

• Compliance Officers and Risk Managers
• Banking Legal Counsels and Financial Regulators
• Internal Auditors and Fraud Investigators
• AML and CTF Specialists
• Financial Crime Analysts
• Corporate Governance Officers
• Bank Executives and Senior Managers
• Fintech and Digital Banking Compliance Experts

Course Outline

Day 1: Global Banking Regulations and Compliance Frameworks

Session 1: Key Global Banking Regulations

• Basel III, Basel IV, and international capital requirements.
• Financial Action Task Force (FATF) and global AML compliance.
• Dodd-Frank Act (U.S.), MiFID II (EU), and PSD2 regulations.
• Cross-border compliance challenges in banking.

Session 2: Banking Governance and Compliance Structures

• Corporate governance in banking (role of boards, committees, and regulators).
• Building a risk-based compliance framework in financial institutions.
• Three lines of defense model in banking compliance.

Session 3: Hands-on Lab 1 – Compliance Risk Assessment Exercise

• Participants conduct a self-assessment of compliance risks in a case study.

Day 2: Anti-Money Laundering (AML) and Financial Crime Compliance

Session 1: AML Laws and Regulations

• AML compliance frameworks (FATF, FinCEN, EU AML Directives).
• Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
• Sanctions compliance (OFAC, EU, UN sanctions lists).

Session 2: Fraud Prevention and Counter-Terrorist Financing (CTF)

• Identifying fraud schemes in banking.
• Terrorist financing risks and red flag indicators.
• Legal implications of non-compliance with AML/CTF laws.

Session 3: Hands-on Lab 2 – Transaction Monitoring Simulation

• Participants analyze real-world suspicious transactions and report findings.

Day 3: Digital Banking, Fintech, and Emerging Legal Risks

Session 1: Legal Compliance in Digital Banking

• PSD2 and Open Banking regulations.
• Data privacy risks in banking (GDPR, CCPA, and cybersecurity compliance).
• Cross-border data transfer regulations for financial institutions.

Session 2: Fintech, Cryptocurrencies, and Regulatory Challenges

• Legal risks of blockchain, crypto transactions, and stablecoins.
• Regulatory approaches to DeFi (Decentralized Finance).
• Compliance risks in AI-powered banking and algorithmic trading.

Session 3: Hands-on Lab 3 – AI and Fintech Compliance Case Study

• Participants assess the regulatory risks of AI in financial services.

Day 4: Consumer Protection, Ethics, and Compliance Enforcement

Session 1: Consumer Protection Laws in Banking

• Fair lending practices (Equal Credit Opportunity Act, Truth in Lending Act).
• Unfair, deceptive, or abusive acts and practices (UDAAP) compliance.
• Dispute resolution mechanisms for banking customers.

Session 2: Regulatory Investigations, Enforcement, and Penalties

• How regulators enforce compliance (SEC, FCA, MAS, ECB oversight).
• High-profile banking compliance failures and lessons learned.
• Internal investigations and corporate compliance strategies.

Session 3: Hands-on Lab 4 – Drafting a Regulatory Compliance Report

• Participants prepare a compliance response to a simulated regulatory inquiry.

Day 5: Future Trends and Preparing for Regulatory Changes

Session 1: Future of Banking Compliance – AI, ESG, and Digital Regulations

• AI-driven compliance monitoring and RegTech innovations.
• Environmental, Social, and Governance (ESG) reporting in banking.
• Future compliance trends in digital assets and global regulations.

Session 2: Building a Resilient Compliance Program

• Developing a bank-wide compliance culture.
• Training and educating teams on legal compliance best practices.
• Implementing continuous monitoring and reporting mechanisms.

Session 3: Hands-on Lab 5 – Compliance Strategy Workshop

• Participants create a roadmap for a banking compliance program.

Conclusion and Certification

• Final Q&A and open discussion on regulatory challenges.
• Participants receive a Certificate in Legal Aspects of Banking Compliance.