This course focuses on the fundamentals of the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA) as they impact money service businesses (MSBs). Although different in scope and specific application, both the SCRA and the MLA provide benefits and protections to members of the armed forces and impact MSBs. This course will review the rights and protections afforded to servicemembers under these laws as they relate to MSBs.

This course explores the E-Sign Act and its requirements, protections, and record retention protocols. The Electronic Signatures in Global and National Commerce Act, or E-Sign Act, safeguards the validity of electronic documents, records, and signatures.

This course provides an overview of the AML policies and procedures that MSBs must establish to meet minimum federal regulatory requirements.

In 2018, the California Legislature passed the California Consumer Privacy Act (CCPA) which expands existing requirements for protecting consumer information. The passage of Proposition 24 in 2020 led to the creation of the California Privacy Rights Act (CPRA). The CPRA was built on the existing CCPA creating new requirements, consumer privacy rights, and enforcement mechanisms. Effectively, the CPRA replaces the CCPA. 

This course explains the required information security program elements for your company, what controls need to be in place to mitigate security risks identified by the risk assessment, and how these elements and controls affect your responsibilities as an employee.

The Electronic Fund Transfer Act (EFTA) helps protect customers using various forms of electronic banking. The EFTA directs banks to offer customers a record for all customer transactions. This course examines customer disclosures, customer and money services business’s liability, error resolution procedures, remittance transfers, and noncompliance penalties.

This course explains the basic requirements of the Customer Identification Program (CIP) as prescribed by the USA PATRIOT Act. It details the six basic elements of a CIP and what types of customers and accounts are affected. Although each institution’s Customer Identification Program will be tailored to its own specific needs and circumstances, this course will outline the law’s requirements for collecting and verifying customer identifying information, including beneficial owners of legal entity customers.

This course provides a thorough review of the Truth in Lending Act (TILA) and its implementing Regulation Z. This course also addresses the Higher Education Opportunity Act (HEOA) that was signed into law on Aug. 14, 2008 and amends the TILA. Also, this course conveys important information regarding the Dodd-Frank Act Rules. In addition, this course addresses the TILA-RESPA Integrated Disclosure Rule, which introduced integrated disclosures effective Oct. 3, 2015.

Unfair, deceptive, or abusive acts and practices can cause significant financial injury to consumers, erode consumer confidence, and undermine the financial marketplace. This course describes how financial products or services, such as money transfer or fee based transactions, may bring risks of harm to consumers and how you can help mitigate the likelihood of potential harm to the consumer and manage risk associated with financial products and services.

This course provides an introduction to Regulation GG. It contains an overview of the regulation as well as the Unlawful Internet Gambling Enforcement Act, the policies and procedures that need to be put into place, the due diligence that must occur at the opening of an account, and how to handle suspicious and restricted transactions, as well as other pertinent issues.