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