CRA (Sunshine Act) and your Reporting Requirements

Speaker

Instructor: Thomas Nollner
Product ID: 705363

Location
  • Duration: 60 Min
This course will discuss disclosure and reporting requirements on banks and other insured depository institutions with respect to certain agreements related to the Community Reinvestment Act (CRA) as imposed by the Gramm-Leach-Bliley Act. The CRA Sunshine statute requires certain CRA-related agreements to be publicly disclosed and reported upon annually.
RECORDED TRAINING
Last Recorded Date: Dec-2017

 

$179.00
1 Person Unlimited viewing for 6 month info Recorded Link and Ref. material will be available in My CO Section
(For multiple locations contact Customer Care)

$299.00
1 USB is for usage in one location only. info CD/USB and Ref. material will be shipped within 15 business days
(For multiple locations contact Customer Care)

 

 

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Fax: +1-650-362-2367

Email: [email protected]

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Why Should You Attend:

The Community Reinvestment Act has been in effect for several years. One of the sections of the Act discusses the fact that banks can count as a positivity activity monies, in-kind payments, and activity that can have monetary activity/value. As the Act matured and CRA related activity increased, a need to have both the entity providing the CRA related activity and the bank receiving the activity accurately report this activity was identified. The result was the CRA Sunshine Act which included detailed, required reporting guidelines. This webinar will discuss the requirements of the Act. You should attend this webinar because we will discuss and you will learn the requirements regarding the disclosures and reporting requirements on banks and other insured depository institutions with respect to certain agreements related to the Community Reinvestment Act (CRA) as imposed by the Gramm-Leach-Bliley Act. The CRA Sunshine statute requires certain CRA-related agreements to be publicly disclosed and reported upon annually. We will go into great detail discussing these issues.

If your financial institution is required to comply with the requirements of the Community Reinvestment Act, it is important for you to understand the disclosure and reporting requirements for certain agreements related to the CRA required by the Gramm-Leach-Bliley Act (GLBA). This course will discuss what agreements are covered by GLBA, what disclosure and reporting requirements are addressed in the act, what policies, procedures, and practices your institution should develop to ensure compliance with the act, and the implications of non-compliance with the act.

Areas Covered in the Webinar:

  • The background and intent of the GLBA as related to CRA.
  • The CRA agreements covered by the GLBA.
  • The CRA disclosure and reporting requirements addressed in the GLBA.
  • The CRA policies, procedures, and practices you institution should develop to ensure full compliance.
  • The implications of non-compliance with the GLBA.

Who Will Benefit:

  • CRA Officers
  • CRA Staff
  • CRA Auditors
  • Compliance Officers
  • Compliance Staff
  • Staff responsible for completing and submitting required regulatory reports
Instructor Profile:
Thomas Nollner

Thomas Nollner
Banking AML and CFT Consultant, Various International Consultant Firms

Thomas E Nollner has more than 35 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. As a safety and soundness examiner he examined national banks for capital adequacy, asset quality, management issues, earnings concerns, and liquidity funding. As a compliance examiner, he examined national banks for compliance with consumer laws and regulations such as the Truth-in-Lending Act, the Real Estate Settlement Procedures Act, the Flood Disaster Protection Act, the Community Reinvestment Act, and AML/CFT laws and regulations. His specialty was as an AML/CFT examiner, where he analyzed a bank’s AML/CFT program to ensure that it complied with applicable banking laws, rules, and regulations; he reviewed the bank’s suspicious transactions identification, monitoring, and reporting process; he traced proceeds and transactions through several layers of activity; and, he reviewed a bank’s processes and procedures to determine root causes of AML/CFT program weaknesses.

Mr. Nollner currently works as a consultant for the Office of Technical Assistance (OTA), a branch of the U.S. Treasury that assists developing countries with banking issues. Mr. Nollner is assigned to the Economic Crimes Team that focused on training, assisting, and mentoring the staffs of the financial regulatory departments and financial intelligence units of various countries regarding AML/CFT compliance. In this capacity, he worked in countries such as Afghanistan, Iraq, Turkmenistan, Viet Nam, Honduras, Guatemala, Guyana, Suriname, and Argentina developing AML/CFT examination procedures, providing AML/CFT training and mentoring, and updating local AML/CFT laws and regulations.

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Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).

 

 

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