FINRA: AML—Retail: Customer Due Diligence


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. Scenarios review the importance of “knowing your customer,” with situations involving a newly referred client and a new account for the real estate LLC of a long-term client.

Learning Objectives

Upon completion of this course, students will be able to:

  • explain the purpose of your firm's AML program
  • describe the customer identification program (CIP) regulatory requirement when opening customer account
  • explain the importance of monitoring customer accounts to detect and report suspicious activity that might be indicative of money laundering and other criminal activities.Identify "red flags" that may signal money laundering or other potentially suspicious activity

Designed For

All registered representatives and registered principals

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