FINRA: AML—Supervisors: Understanding Your Role (ELC240)

Course Description

FINRA’s anti-money laundering (AML) e-learning courses cover concepts and strategies for detecting and preventing money-laundering activity. Each course presents unique scenarios that illustrate typical money-laundering situations. In this course, supervisors are presented with scenarios that help demonstrate the critical role they play in recognizing, monitoring and escalating situations that may indicate money-laundering activity.

Learning Objective(s)

By taking this course, you will be able to:

  • Understand the importance of monitoring registered representatives' customer accounts for unusual activity that may indicate potential money-laundering activity.
  • Recognize the importance of ongoing due diligence as it relates to your registered representatives' customers and their accounts.
  • Understand that those who engage in money laundering activity are constantly changing tactics to avoid detection.
  • Handle situations with customers or potential customers when having to ask for additional information upon observing unusual account activity.
  • Better understand your role in recognizing and escalating suspicious activity.

Complexity

Intermediate

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