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.

    —Nancy M., Georgia

ANTI-MONEY LAUNDERING TRAINING SOLUTIONS FOR BUSINESSES

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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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New York Regulation 187 Best Interest Rule - Back in Play

by Lynn Knauf, CPCU, ARM | Oct 27, 2022

To learn more about the origin of the New York Reg 187 Best Interest Rule, you can read this article: What is the New York 187 Regulation Best Interest Rule?

New York’s Suitability and Best Interests Regulation Back in Play for Life and Annuity Producers

New York Regulation 187 Best Interest Rule reinstated

On October 20, 2022, the New York Court of Appeals essentially reinstated Revised Regulation 187, Suitability and Best Interests in Life Insurance and Annuity Transactions, a regulation previously struck down by the Appellate Division of the New York Supreme Court on April 29, 2021.

Regulation 187 was first adopted in 2010 to address the issue of suitability in annuity sales. The regulation was substantially revised in 2019 to adopt a “best interest of the consumer” standard and to extend the scope of the regulation to life insurance transactions. Industry groups challenged the regulation as unconstitutionally vague, a challenge now presumably ended by the latest decision of the state’s highest court.

The producer is also required to act in the best interests of the “consumer” (defined as the owner or prospective purchaser of the policy). The Court of Appeals decision provides some welcome clarity with its interpretation of the regulation by stating that it, “does not require producers and insurers to identify the single best policy for a consumer. It simply requires them to reasonably recommend a suitable policy that will benefit the consumer, while refraining from considering their own financial gain.”

WebCE’s state-approved course, New York Regulation 187: Suitability and Best Interest Standard provides a detailed look at the state’s suitability and best interest requirement. The course is approved for two hours of CE credit and satisfies New York’s one-hour law CE requirement.

View New York Annuity and Insurance CE Courses