FINRA: AML—Wholesalers: Your Role in Detecting and Deterring Money-Laundering Activity

Overview

Brief scenarios demonstrate the need to detect and report suspicious activity. If you see something, say something—even if you don’t work directly with individual customers. Firms are required to report a broad range of suspicious activities even if they do not have actual knowledge that a transaction involves criminal activity.

Learning Objectives

Students who successfully complete this course will be able to:

  • explain why broker-dealers have anti-money laundering compliance programs
  • describe techniques for identifying and verifying the identity of customers and beneficial owners of legal entities
  • identify “red flags” that may signal money laundering or other suspicious activity
  • better understand your role in recognizing and escalating suspicious activity

Designed for

Wholesalers

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