FINRA: AML—Institutional: Customer Identification Procedures


In this course, scenarios highlight risks independent firms and registered representatives face when handling unusual account activity and expediting the account opening process.

Learning Objectives

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

  • understand the importance of knowing your institutional customer
  • identify customers and beneficial owners of legal entities
  • describe identification and verification requirements specific to institutional customers
  • understand that institutional customers present varying levels of risk
  • recognize red flags in institutional accounts
  • understand the importance of escalating concerns regarding potential money laundering activity

Designed For


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License or Certification