AML: Customer Identification Programs

Overview

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.

Learning Objectives

Students who successfully complete this course 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

Designed for

Retail

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