AML: Understanding the Rules for Insurance Producers and Employees

Overview

Most people know money laundering is illegal, but not everyone understands what it means. This course delves into the risks, methods, and consequences of money laundering in the insurance industry. It highlights the crucial role of insurance producers and employees in AML programs and offers best practices for fulfilling their AML responsibilities.

Find this course for your license

License or Certification

Regulator

Learning Objectives

basics of money laundering and how life insurance products can be used for money laundering purposes
anti-money laundering requirements that pertain to insurance companies
basics of an insurer’s AML program, and the products to which it does and does not pertain
how to identify and report suspicious activities and transactions
common red flags that might signal suspicious activity
best practice guidelines that can help producers support AML efforts

Designed For:

Insurance producers and employees affiliated with companies that market and sell covered products; financial planners and advisors

Course Information

Adding additional credit may change exam requirements.

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