Scenarios demonstrate the need to obtain proper customer identification for institutional accounts and emphasize the importance of due diligence.

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

• recognize the importance of knowing your institutional customer
• describe identification and verification requirements specific to institutional customers and beneficial owners
• explain the varying levels of risk that institutional customers present
• identify and promptly escalate “red flags” that may be indicative of money laundering or other suspicious activity in institutional accounts

Institutional