ABOUT THE COURSE
The course enables Swiss banks to train employees working in credit-related functions on the mitigation of administrative, legal and criminal risks associated with their role. By completing the training, participants will build up crucial knowledge of relevant external legal frameworks, internal regulations, governing bodies, formal requirements and requirements related to the actual substance (content-related), potential cross-border issues, and specific rules on consumer credits and mortgages.
The training enables participants to understand the purpose of a credit facility and recognise the origin of the pledged assets. The course further explains how to assess the financial capacity of the debtor, calculate the value of the pledge and consider any applicable sanctions regime.
The training is divided into six chapters and explains how credit activities are ruled by a set of different laws: Banking Act (BA), Embargo Act (EmbA), Code of Obligations (CO), Anti Money Laundering Act (AML), Consumer Credit Act (CCA) and Financial Services Act (FinSA). In addition, the training addresses the relevant sections of the Swiss Bankers Association (SBA) guidelines.
TIME
TARGET AUDIENCE
PREREQUISITES
Approximately 45 minutes.
Anyone working for a financial institution.
None
ASSESSMENT
A formal assessment consisting of 10 questions with a passing grade of 80% forms part of this course.
CERTIFICATION
Upon successful completion, participants will earn a certificate.
LANGUAGE
English
ABOUT THE COURSE
The course provides participants with fundamentals of digital assets and explains how they work from an operational and banking compliance perspective, including regulatory aspects, tax compliance and liabilities of the financial institutions.
Among others, the course addresses the concept of Blockchain and how it works, providing with examples of transactions and wallets, as well as an introduction to the various types of digital assets.
Moreover, the course has a practical component where participants will be able to:
-
identify scams - such as red flags and risk factors,
-
understand how to activate a first line of defense - with appropriate controls and due diligence,
-
learn the dos and don’ts when interacting with prospects and clients.
TIME
TARGET AUDIENCE
PREREQUISITES
Approximately 45 minutes.
Banking Executives, Relationship Managers and Compliance Officers
None
ASSESSMENT
A formal assessment consisting of 10 questions with a passing grade of 80% forms part of this course.
CERTIFICATION
Upon successful completion, participants will earn a certificate.
LANGUAGE
English
DURATION IN HOURS
(SAQ credits)
0.75h