2018 Compliance Rules and Regs – Payments Academy: Prepaid Program Management LLC

Course Content

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Lessons Status

Bank Secrecy Act and Anti-Money Laundering (BSA/AML)

Types of Money Laundering

Who is Responsible for BSA/AML Activities?

5 Pillars of a BSA Program

Prepaid Program Manager Must Haves

Suspicious Activity Reports (SARs)

Currency Transaction Reporting (CTR) & the $3K Rule

Customer Identification Program (CIP)

Required Information

Documentary vs. Non-Documentary CIP

CIP Reporting

CIP Notice to Cardholders

OFAC

OFAC Frequency

OFAC Reporting

Customer Due Diligence

CDD Scoring System

Enhanced Due Diligence (EDD)

Gramm-Leach-Bliley Act

GLB Prepaid Program Relevant Provisions

GLB Notice and Information Required

PCI Compliance

PCI Program Manager Relevant Provisions

Risk Assessment and Management

Risk Categories

Outcome of Risk Assessment

Fraud

Identity Theft

Created Identities

Account Take Over

Stolen Card

Tax Fraud

Phishing

Early Chargebacks

Regulation E

Error Protection for Consumers

Statement Requirements

Maintenance or Inactivity Fees

Expiration of Funds

Non-Compliance

Consequences of Noncompliance

Review Your BSA/AML Policy

2018 Compliance Rules and Regulations Quiz

2018 Compliance Rules and Regs (Required)

This course covers your standard BSA/AML training and is tailored for prepaid card program managers. This course covers BSA/AML, CIP, OFAC, Customer Due Diligence, Privacy, PCI Compliance, Risk Management, Fraud and Regulation E.

Your Compliance Officer is: