FINRA: AML—Institutional: Escalating Concerns of Unusual Activity Responsibilities for Due Diligence

Overview

Scenarios demonstrate the need to obtain proper customer identification for institutional accounts and emphasize the importance of due diligence.

Learning Objectives

Students who successfully complete this course will be able to:

  • recognize the importance of knowing your institutional customer
  • describe identification and verification requirements specific to institutional customers and beneficial owners
  • explain the varying levels of risk that institutional customers present
  • identify and promptly escalate “red flags” that may be indicative of money laundering or other suspicious activity in institutional accounts

Designed for

Institutional

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