Introduction to the Office of Foreign Assets Control (OFAC)

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Course Description

This training is for banking staff on how to avoid dealing with sanctioned countries, businesses and persons

There are severe penalties for banks that commit OFAC violations. Staff need to understand how the OFAC works and how to avoid committing violations.

This short, single-module course gives an overview of OFAC, is functions and how it works. The training provides an overview of the Sanctions List and the sorts of individuals and entities that may be included in it.

Learners are introduced to the compliance obligations that OFAC imposes on banks and given information on how they, personally, should act to support the bank in meeting those obligations. The penalties for non-compliance are discussed.

Who is this training for?

The course is a suitable introduction for all banking staff who on-board customers or who handle customer transactions.

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Scenario

Jasmine is an executive officer at My Save Bank, which has its head office in Ohio. While undertaking an audit of pending transactions, she discovers a number of large sums of money being transferred to a foreign national in Yemen. Jasmine is concerned that the account name and details look suspicious and are not what My Save Bank would typically deal with.

What should Jasmine do next?

Retail Banking Compliance Training

This course is part of the Retail Banking Compliance Suite

The courses available are

For more details, click on the course names above.

Course Outline

  • Explain the background and purpose of OFAC
  • Describe who must comply with OFAC
  • Explain the purpose of the SDN list
  • Promote understanding of the penalties for violations, civil and criminal

Introduction to Trade Finance

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Course Description

Trade is not without risk for buyers and sellers, and international trade has certain features that enhance that risk.

In a globally interconnected world trade has become a part of our daily lives. This prominent feature of the global economy has developed and matured over hundreds of years and is a tribute to human ingenuity to cooperate for mutual benefit. However, trade is not without risk for buyers or sellers and international trade has certain features that enhance that risk. Banks have traditionally played a crucial role as facilitators to mitigate the risks inherent to international trade. This training will review features of international trade, focus on the financing of trade and in particular on the role that banks play.

The Introduction to Trade Finance e-learning course has especially been designed by subject matter experts to provide banking professionals with an overview of Trade Finance and the role of Financial Institutions.

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Link with Trade Based Money Laundering

On completion of the course you will have developed a good foundational understanding of global trade and how companies settle their international commerce. Therefore this course, in combination with i-KYC’s TBML course, will also be valuable for learners who are still developing their technical Trade Finance knowledge.

Who should do this training?

This course is suitable for:

  • Client-facing Commercial Bankers
  • Trade & Commodity Finance specialists
  • Customer support staff
  • Risk Management analysts
  • AML Compliance officers.

Download the course outline here

Specialized Financial Economic Crime Training

GRC Solutions is thrilled to collaborate with leading financial crime advisory firm, i-KYC, pairing their premium content library with our award-winning Salt Learning technologies to improve your approach to addressing Financial Economic Crime (FEC).

Download our brochure here

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Course Outline

Module 1: Introduction

  • Fundamentals of International Trade
  • International Trade Governance & Risks
  • Introduction to Trade Finance

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Module 2: Trade Settlement Methods

  • Clean Payments
  • Documentary Collections
  • Letter of Credits
  • Guarantees

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Module 3: Risks & Roles of Banks

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Module 4: Knowledge Check

Insider Trading

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Course Description

Many organisations have a large number of employees who could come into contact with confidential information that could affect the share price of a listed company.

Are all of your employees familiar with insider trading laws? A person does not need to be an employee of a stockbroker or merchant bank to be caught by these laws.

Many listed companies have a large number of employee shareholders. Those employees should know when they can trade in the company’s shares.

Who is this training for

This training is suitable for anyone who comes in contact with confidential information regarding the share price of a listed company, such as:

  • personal assistants
  • senior managers
  • staff in mail rooms
  • IT departments

Custom courses

We have two versions of this course available:

  • Generic course
  • Insider Trading for Financial Services Organisations

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Course Outline

  • Module 1: Introduction to insider trading
  • Module 2: Who is an insider?
  • Module 3:What is trading?
  • Module 4: Trading in Your Companys Securities?

 

Fraud Awareness

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Course Description

It may surprise you to learn that fraud in Australia is higher than the international average, arising in more than half of organisations. This costs the economy billions of dollars and organisations an average of $3 million. In addition, fraud can cause a loss of reputation and eventual loss of business profitability.

The most powerful anti-fraud weapon are educated and aware employees. The Salt Fraud course educates employees as to the types of behaviour that constitutes fraud, and provides a comprehensive list of fraud indicators to foster internal monitoring.

Building a culture of awareness and responsibility can reduce the risk of fraud and increase detection rates, thereby reducing the monetary and other costs of fraud.

Who is this training for?

The Salt Fraud course is tailored such that it is relevant to a diverse range of employees. This is because any person within an organisation is capable of committing fraud. This course is hence a valuable and appropriate tool for staff at all levels within an organisation, ranging from front-line staff to management.

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Course Outline

  • Module 1: What is fraud?
  • Module 2: Fraud risks
  • Module 3: Common fraud schemes
  • Module 4: Fraud red flags
  • Module 5 :Risk management

 

General Data Protection Regulation (GDPR)

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Course Description

Training for staff on GDPR personal data protection and GDPR compliance to avoid GDPR fines

Product Description

The standard of privacy and security of personal information has never been higher. Meeting your General Data Protection Regulation (GDPR) obligations isn’t just a matter of GDPR compliance, it’s a matter of consumer confidence.

The General Data Protection Regulation (GDPR) harmonises privacy law and data processing practice across the EU. But it doesn’t just apply to EU businesses – if you do any business in the EU or collect or use personal information of any individuals located in the EU, you need to comply with the GDPR or you’ll face heavy penalties. Staff at all levels need to understand the importance of privacy policy and the penalties for breaching GDPR.

Who is this training for?

This training is suitable for staff at any level of your organisation, especially those who collect or handle personal information, or as a refresher for Data Protection Officers.

For more information on other GRC Solutions’ privacy training resources:

Australia

Privacy – Covering the Privacy Act and the Australian Privacy Principles

Privacy for Schools – Covering the Privacy Act and the Australian Privacy Principles as they apply to schools

Health Privacy – Health businesses collect and maintain sensitive personal information

Australia – Financial Services

Financial Services Privacy Training – covering the Privacy Act and the Australian Privacy Principles

Credit Reporting – covering the Credit Reporting Act

Health Privacy

New Zealand

Privacy – New Zealand – covering privacy in New Zealand under the 2020 updates to the law

Singapore

Data Protection Singapore – covering the Personal Data Protection Act 2012 and also the implications of the GDPR

Malaysia

Data Protection Malaysia – covering the Personal Data Protection Act 2010 and also the implications of the GDPR

California

California Consumer Privacy Act

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Course Outline

What rights do individuals have in relation to their personal data

  • How the GDPR compliance involves you
  • Restrictions on processing personal data
  • What rights do individuals have in relation to their personal data
  • What to do in the event of a data breach
  • Fines and penalties for breaching the GDPR

 

Health Privacy – Australia

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Course Description

Ensuring the integrity of sensitive health information

Product Description

Compliance with privacy laws is crucial to maintaining customer trust, particularly in the health sector where organisations are constantly under scrutiny for misuse or mishandling of sensitive information such as medical records. With data breaches on the rise, health service providers and other organisations are, now more than ever, prioritising the proper handling of personal and health information.

This course takes learners through the lifecycle of personal information, from collection, use and disclosure, storage, access and correction, and their privacy law obligations at each stage. We use accessible language and practical scenarios to explain and illustrate technical concepts in an engaging way. The introductory module summarises key concepts for front line staff. Subsequent modules explore the Health Privacy Principles (HPPs) in more detail. We also look at mandatory data breach reporting requirements and what to do when an incident arises.

Customer privacy is one of health sector organisations’ biggest operational risks, and this course features real-life cases highlighting the major industry concerns, what organisations are doing right and what they could be doing better

New Update!

We keep our training up to date so that you don’t have to worry about your compliance with the latest developments.

In December 2022 the Australian Government, in response to the Optus data breach and others, passed the Privacy Legislation Amendment (Enforcement and Other Measures) Act 2022, which introduced major financial penalties for both individuals and organisations in relation to privacy breaches. Some penalties are now 20 times as large as they were before – or more.

The new law also significantly expands the Australian Information Commissioner’s powers.

Our training reflects this new legislation.

Who should do this training?

This training is designed for staff at any level within an organisation that comes in contact with private information or could be at risk of breaching Australian privacy laws.

For more information on other GRC Solutions’ privacy training resources:

Australia

Privacy – Covering the Privacy Act and the Australian Privacy Principles

Privacy for Schools – Covering the Privacy Act and the Australian Privacy Principles as they apply to schools

Australia – Financial Services

Financial Services Privacy Training – covering the Privacy Act and the Australian Privacy Principles

Credit Reporting – covering the Credit Reporting Act

New Zealand

Privacy – New Zealand – covering privacy in New Zealand under the 2020 updates to the law

Europe

General Data Protection Regulation – covering the GDPR – which has global implications

Singapore

Data Protection Singapore – covering the Personal Data Protection Act 2012 and also the implications of the GDPR

Malaysia

Data Protection Malaysia – covering the Personal Data Protection Act 2010 and also the implications of the GDPR

California

California Consumer Privacy Act

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Course Outline

  • Module 1: Introducing privacy
  • Module 2: Management and collection
  • Module 3: Use or disclosure
  • Module 4: Storage, access and correction
  • Module 5: Credit reporting obligations

Workplace Health & Safety – New Zealand

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Course Description

Everyone who goes to work should come home from work safely. But hundreds of people are still seriously injured or die from work-related diseases in New Zealand every year.

Based on the Australian model work health and safetylaws, the new Health and Safety at Work (HSW) Act (2015) emphasises the role of safety leadership and management responsibility in identifying and eliminating risks to workers’ safety. It also highlights the need for people within a business to cooperate and collaborate with each other to reduce the number of workplace injuries and deaths.

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Course Outline

  • Module 1: Health and safety at work
  • Module 2: Workers’ rights and obligations
  • Module 3: Duties of PCBUs
  • Module 4: Compliance and enforcement measures
  • Module 5: Duties of officers
  • Module 6: Health and Safety Representatives and Health and Safety Committees

Incident Management

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Course Description

This course explores what an incident is and how to address it, from building an incident management register, to collecting and interpreting data within it. Depending on what kind of incident has taken place, different types of registers can be used to record the event. This information can then form the basis for making a targeted response, in which incident-related issues are escalated to the relevant people at the appropriate time.

Who is this training for?

This course applies to anyone in the workplace – including compliance and risk managers, senior management or other employees – who may be in a position to observe, record or respond to incidents within their organisation.

Course Outline

Module 1 : Defining Incident Management

• The objectives of incident management process

• The types of registers

• How Incident Management fits into the overall risk management framework

Module 2 : Incident Management Inputs

• Building an incident management register

• Linking risk causes, risk events and controls to incidents

Module 3 : Incident Management Processes

• Collecting incident-related information

• Aggregating incident data to produce summary data

Module 4 : Incident Management Outputs

• The types of reports

• Notification and escalation emails

• Using reports and taking action

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Key Risk Indicators (KRIs)

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Course Description

Key Risk Indicators (KRIs) are observable and measurable information that can be used to

identify the symptoms and “red flags” created by risks. This course explores how to identify KRIs in your organisation, linking them to both the risks and the

controls necessary to contain them. It examines how to collect, score and find patterns in KRIs across different units in your organisation. And it looks at the steps employees can take to report and escalate issues about KRIs to the appropriate management or committees within the organisation.

Who is this training for?

This course applies to all organisations looking to manage risks in their business by identifying the “red flags” of risk and taking action.

Course Outline

Module 1 : Defining Key Risk Indicators (KRI’s)

• What are KRIs?

• Objectives of KRIs?

• Types of KRIs

• Identifying KRIs

Module 2 : KRI Inputs – Determining the parameters

• Assigning KRIs

• Setting frequency

• Determining thresholds

• Linking KRIs to risks and controls

Modeule 3 : KRI Processes – Collection, scoring and Aggregation

• Collecting KRIs

• Scoring KRIs

• Aggregating KRIs

Module 4 : KRI Outputs – Reporting and Follow-up Process

• Reporting KRIs

• Notifying and escalation issues relating to KRIs

• Using reports and taking action

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Mental Health in the Workplace

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Course Description

Mental Health in the Workplace

Understanding mental health for our professional and personal lives

1 in 5 Australians will experience a mental health condition in any year. 45% of Australians aged between 18 and 85 will experience a mental health condition in their lifetime. Mental health issues can impact our workplaces, and our workplaces can likewise impact people’s mental health.

The World Health Organisation offers a definition of mental health as a state of wellbeing in which we can realise our own abilities, work productively and contribute to our communities. While experiencing stress and a range of emotions are normal, there are times when we may find it difficult to shift out of a low mood or cope with regular stresses – and this may indicate the presence of mental health issues or a diagnosable condition.

Wherever we work, mental health is something we must prioritise and value. Employers are required to actively manage health and safety risks in the workplace. In some states and territories, this includes risks to mental health as well as physical health.

GRC Solutions offers this fully customisable course on Mental Health on the Workplace to help individuals understand and identify common mental health issues, to provide support to co-workers who may be experiencing mental health issues and to play their part in breaking down stigmas surrounding mental health.

Who is this training for?

This module is designed to be accessible for anyone in an organisation.

Mental health is important, no matter your role.

Course Outline

  • Defining mental health
  • Effects of poor mental health for individuals and society
  • Signs of mental health issues
  • Supporting people
  • Building a mentally healthy workplace