The Compliance in Credits 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.