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 focuses on the duty to report to the Money Laundering Reporting Office Switzerland (MROS) based on the Anti-Money Laundering Act (AMLA) and provides an overview on other duties and rights to report to MROS and the State Secretariat of Economic Affairs (SECO) in the domains of anti-money laundering and sanctions.
Additionally, the course showcases the different scenarios where the duty to report arises and the consequences of violating this duty, including administrative measures and/or criminal sanctions, depending on the case.
The online course is highly interactive, combining theory with different case studies and videos inspired by real cases, and concludes with a final assessment to check the participants’ learning progress.
TIME
TARGET AUDIENCE
PREREQUISITES
Approximately 90 minutes.
Anyone working for a bank or
a financial intermediary
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