FINRA: AML—Retail: Your Role in Detecting and Deterring Money-Laundering Activity

Overview

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 demonstrate the need to detect and report suspicious activity. Firms are required to report a broad range of suspicious activities even if they do not have actual knowledge that a transaction involves criminal activity.

Learning Objectives

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

  • understand why broker-dealers have AML compliance programs
  • know what is required to conduct customer identity verification
  • recognize the importance of ongoing due diligence as it relates to customers and their accounts.Identify "red flags" that may signal money laundering or other potentially suspicious activity
  • better understand your role in recognizing and escalating suspicious activity

Designed For

All registered representatives and registered principals
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