This course discusses a broker-dealer’s obligations to verify the identity of any person seeking to open an account; maintain records of the information used to verify the person’s identity; and determine whether the person appears on any lists of known or suspected terrorists.
Upon completion of this course, students will be able to:
- understand the required steps in customer identification
- understand the verification process of customer identification
- define the necessary steps to take when customer identification cannot be verified
- understand customer due diligence and beneficial ownership
- demonstrate the customer notification process