Scenarios cover situations involving a suspect subaccount, including account opening and subsequent trading and funding activity, and due diligence with a high-risk client.

Students who successfully complete this course will be able to:

• explain why broker-dealers have anti-money laundering compliance programs
• describe techniques for identifying and verifying the identity of customers and beneficial owners of legal entities
• communicate the importance of ongoing customer due diligence
• recognize and escalate “red flags” that may signal potential money laundering or other suspicious activity

Institutional