This interactive, audio-based course provides a thorough study of anti-money laundering rules and requirements for insurance companies, insurance producers, and insurance employees.
The course covers the following topics:
- AML Background and Basics
- Regulatory Basis for Anti-Money Laundering
- AML Rules for Insurance Companies
- SAR Rules and Requirements
- AML Red Flags
This is an intermediate level course. Upon completion, students will be able to:
- Define money laundering and describe the phases of the money laundering process
- Explain how insurance products can be used for money laundering
- Describe the basic elements of an insurance company AML program and suspicious activity reporting requirements
- Identify and describe suspicious activity red flags and transactions
- Demonstrate an understanding of a producer’s personal responsibilities with respect to a company’s AML program