Most people understand implicitly that money laundering is illegal, but not everyone knows what “money laundering” means. Financial professionals who sell life insurance and annuities must understand not only what this term means but the consequences it carries, because these products are surprisingly popular tools in the world of money laundering.
This course provides an in-depth look at the risk, the methods, and the consequences of money laundering in the insurance industry, and explores the important role that insurance producers and employees serve in their companies’ AML programs. The course offers best practice ideas to give meaning to producer and employee AMI responsibilities.
Upon completion of this courses, students will understand:
Insurance producers and employees affiliated with companies that market and sell covered products; financial planners and advisors