Scenarios demonstrate the role of operations professionals in detecting and reporting 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.
Upon completion of this course, students 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
- identify “red flags” that may signal money laundering or other suspicious activity
- better understand their role in recognizing and escalating suspicious activity