Description
This course provides a clear understanding of the various techniques of money laundering and other threats to the financial industry, specifically addressing vulnerabilities within the life insurance industry. Persons completing the course will also be instructed on how to recognize unusual and suspicious activities that are required to be reported.
Learning Objectives
Students who complete this course will be able to:
• understand the scope and importance of AML programs and the individual agent's and representative's responsibilities
• explain the various techniques by which money laundering occurs
• understand the laws, rules and regulations regarding money laundering
• describe the different methods of customer identification
• recognize unusual and suspicious activities
• explain the agent's and representative's responsibilities regarding customer identification and suspicious activities