FINRA: AML—Retail: Understanding Your Role—Vol. 3 (ELC243)

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, registered representatives work through scenarios illustrating the importance of staying alert and reporting suspicious activity, including predicate offenses to money laundering such as identity theft, insider trading and market manipulation.

Learning Objective(s)

By taking this course, you will learn to:

  • Define money laundering and describe how it occurs in the financial services industry.
  • Explain the purpose of your firm's AML program.
  • Describe the customer identification program (CIP) regulatory requirement when opening customer accounts.
  • Explain the importance of monitoring customer accounts to detect and report suspicious activity that might be indicative of money laundering and other criminal activities.

Complexity

Intermediate