AML Training
Overview
Following the September 11, 2001 attacks, the USA PATRIOT Act mandated that financial institutions implement anti-money laundering (AML) programs. This course reviews AML rules for insurance companies and producers, explores how life insurance products can be used in money laundering, and specific measures insurance companies must take to detect and prevent money laundering, including Suspicious Activity Reports and producer responsibilities.
Learning Objectives
- demonstrate an understanding of money laundering, including the three phases of the money laundering process
- offer examples of how financial products can be used in a money laundering process
- identify the specific types of products that are most likely to be used
- describe the basics of the USA PATRIOT Act and FinCEN's final rules as they pertain to an insurance company's AML program
- demonstrate an understanding of the producer's and the employee's personal responsibilities with respect to the company's AML policy
Designed For:
WebCE® is registered with the National Association of State Boards of Accountancy (NASBA)as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.
Course Information
Adding additional credit may change exam requirements.
| Access Period: | 12 months |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Delivery Method: | Self-Study |
| PDF Download: | Available |
| Provider of Record: | WebCE |
| Provider Number: | WebCE |
| Field of Study: | Specialized Knowledge |
| Study Level: | Intermediate |
| Approved For: | Program Training |
Exam
| Proctor: | No |
| Passing Grade: | 70 |
| Questions: | 25 |
| Retakes: | Unlimited |
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