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