FINRA: AML—Retail: Customer Identification Procedures

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. This course illustrates the customer identification process and addresses typical situations involving retail customers.

Learning Objective(s)

By taking this course, you will be able to:

  • Understand why broker-dealers have AML compliance programs.
  • Know what is required to conduct customer identity verification.
  • Recognize the importance of ongoing due diligence as it relates to customers and their accounts.
  • Identify "red flags" that may signal money laundering or other potentially suspicious activity.
  • Better understand your role in recognizing and escalating suspicious activity.

Complexity

Intermediate