Money Laundering: Prevention and Detection

Overview

This course provides an overview of the elements of money laundering, recommendations on how to prevent money laundering, and a review of disciplinary actions to illustrate the potential consequences of engaging in money laundering activities.

Learning Objectives

Students who successfully complete this course will be able to:

  • identify the steps in the money-laundering process
  • recognize the types of customer information that must be obtained when a person opens a customer account
  • describe the role of customer identity verification and the methods that may be employed to accomplish it
  • identify the common red flags that suggest a customer may intend to use the broker-dealer to launder funds derived from criminal activity
  • determine the records that must be created to verify a customer’s identity and the period of time those records must be maintained

Designed for

Retail

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