Insurance CE >> California >> Life / Health

Anti-Money Laundering for the Insurance Industry (CA)

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.

Summary Details

Hours

4.0

Price

$14.95





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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:

Life and health insurance producers and finance professionals

Provider of Record: WebCE #257117

Approval Entity
ClearCert assists leading insurance carriers with their responsibility to certify producer compliance with mandatory AML, Annuity, LTCI, and Flood training requirements. WebCE has participated in the ClearCert network since the company was founded in 2008 to ensure producers receive full credit from their carriers for their course completions. WebCE will automatically report completion of this course to ClearCert.


Course Information

Adding additional credit may change exam requirements.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Available
Provider of Record: WebCE
Provider Number: 257117
Last Reviewed: March 2022
Approved For: Ethics

Exam

Proctor: No
Passing Grade: 70
Questions: 15



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