ONLINE ANTI-MONEY LAUNDERING COMPLIANCE TRAINING

Protect yourself and your business by investing in anti-money laundering training that increases the understanding of the the anti-money laundering (AML) rules and guidelines as they pertain to various industries including, banking, insurance, financial planning, securities, gaming organizations, and more. AML compliance training from WebCE is the fast, easy, and affordable way to complete AML compliance requirements. Our comprehensive catalog of AML training courses are designed by industry experts and always up-to-date.

Need AML training for yourself?

AML compliance training from WebCE is the fast, easy, and affordable way to complete your AML compliance requirements. WebCE offers a comprehensive catalog of AML training courses, each designed by industry experts and always up-to-date. WebCE's AML compliance courses can be taken by a variety of professionals in the following industries: banking, insurance, financial planning, securities, gaming organizations, and more.


WebCE's convenient, online AML training includes interactive and traditional self-study courses with the most up-to-date industry information available. Our anti-money laundering courses can be taken for in-house compliance training, or they may be combined with and some used for insurance CE, CFP® Certification CE, Firm Element credit, and more.

 

 

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  • Designed by industry experts and always up-to-date
  • Comprehensive catalog of anti-money laundering courses
  • Courses can also be used for insurance CE, CFP® CE, and Firm Element
  • 98% of customers recommend our courses to others!

AML Course Feedback from WebCE Customers

  • WebCE made a complicated subject very easy to understand. I enjoyed this course for its importance in the industry and enjoyed learning the AML more clearly.

    —Antoinette G., New Jersey
  • I have used WebCE many times. It is always precise and educational. This is the only website I will use for CE Credits. Thank you.

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ANTI-MONEY LAUNDERING TRAINING SOLUTIONS FOR BUSINESSES

The WebCE Experience

At WebCE, we not only strive to forge solutions that create connections with our students, we also strive to support professionals as professionals by giving them the essentials they need to succeed in that career for years to come. All of our courses contain quality, engaging content written by industry experts, so your business not only gets the training it needs for compliance, but also has the training that teaches how to prevent and report anti-money laundering.

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Flood Insurance: What Real Estate Professionals Should Know

by Ann Heinz, JD, CDEI | Sep 22, 2022
Flood Insurance: What Real Estate Professionals Should Know

Floods are disastrous, and they’re getting bigger and more destructive. While standard homeowners insurance may cover certain types of water damage—such as burst pipes that damage a basement—it won’t cover a home damaged by flooding. That's why every homeowner in a flood-prone area should consider flood insurance and why every real estate professional should do their best to educate their clients on flood insurance.

Flood insurance covers your home and possessions when there’s a flood. There are two policies; you can buy either one or both. One covers your building up to $250,000, and the other covers personal property up to $100,000.

Most flood insurance is purchased through a federally regulated program, the National Flood Insurance Program (NFIP). Flood insurance is also offered by private insurers.


What Does Flood Insurance Cover?

A building property policy covers the value of the home or the cost to rebuild or repair, up to the policy limit. It does not cover trees, patios, fences, vehicles, wells, septic or any damage to the land. It does cover the building, its foundation, electrical, plumbing, HVAC, water heater, appliances, carpeting, walls, blinds, built-in cabinets and detached garages.

A personal property policy covers clothes, furniture, electronics, rugs, portable appliances such as microwaves, window ACs and freezers and their contents. There is limited coverage, up to $2,500, for valuables such as furs and art. It doesn’t cover items best kept in a safe deposit box, such as precious metals, stock certificates and bearer bonds.


What Real Estate Agents Need To Know

Real estate professionals play an important role in educating clients and consumers in the community they serve. Clients rely on you to inform them of potential risks to their current or prospective homes, including flood risk.

Real estate agents need to understand the flood risk in the areas where they do business. If the agent represents a seller, the agent and client must know their flood zones. Since zones can change, they should look at the current zone map.

Flood risk must also be disclosed to buyers. In fact, twenty-nine states have some type of flood disclosure requirement. This means that sellers in these states must notify buyers in some fashion whether a property has been previously damaged by flooding or inform them about the extent of previous damage.

Since laws on flood disclosures vary, it’s crucial to understand your obligations in the state where you practice real estate. In general, a licensee must disclose the following facts when they have actual knowledge:

  • Read-it-to-me audio for all course content 
  • that the property had a flood event in the past from any source
  • that a property is in an area where flood insurance is required
  • that flood insurance was required in the past
  • that the property is located in an area that has flooded in the past
  • that the property is located in an area subject to flood risk that may cause many or most owners to purchase flood insurance

Learn More About Flood Insurance

Flood insurance is usually optional for homeowners with mortgage loans in low-risk flood areas, and it may not be required even for those in high-risk flood areas with certain types of mortgages. But homes and businesses in high-risk flood areas with government-backed mortgages are required to have flood insurance. As a real estate agent, you need to be aware of your clients’ funding mechanism and whether the property’s location will trigger flood insurance requirements. Even if your clients’ purchase does not require flood insurance, it would be a good idea to inform them of the benefits of flood insurance.

As a real estate professional, you can make sure you have the knowledge and advice to offer your clients by learning more about flood insurance with WebCE. WebCE is excited to offer the online course Flood Insurance 2.0 designed for real estate agents, brokers, and salespersons. This course provides crucial information about what flood insurance is, how to help your clients understand their flood risk, and how floods can affect their properties and their health.