Sec. 3. Training required
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/bill/114/hr/4538/eh/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A covered financial institution may provide training described in subsection (b)(1) to each officer or employee of, or registered representative affiliated or associated with, the covered financial institution who— is described in section 2(b)(1)(A); may come into contact with a senior citizen as a regular part of the duties of the officer, employee, or registered representative; or may review or approve the financial documents, records, or transactions of a senior citizen in connection with providing financial services to a senior citizen.
The training described in this paragraph shall— instruct any individual attending the training on how to identify and report the suspected exploitation of a senior citizen; discuss the need to protect the privacy and respect the integrity of each individual customer of a covered financial institution; and be appropriate to the job responsibilities of the individual attending the training. The training required under subsection
(a)shall be provided as soon as reasonably practicable but not later than 1 year after the date on which an officer, employee, or registered representative begins employment with or becomes affiliated or associated with the covered financial institution. An individual who is designated as a compliance officer under an anti-money laundering program established pursuant to section 5318(h) of title 31, United States Code, shall be deemed to have received the training described under this subsection.