In this course, operations professionals work through scenarios illustrating the importance of staying alert and reporting suspicious activity, including predicate offenses to money laundering such as identity theft, insider trading, and market manipulation.

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

• define money laundering and describe how it occurs in the financial services industry
• describe techniques for identifying and verifying the identity of customers and beneficial owners of legal entities
• explain the purpose of your firm’s AML program
• describe the customer identification program (CIP) regulatory requirement when opening customer accounts
• detect and report suspicious activity that might be indicative of money laundering and other criminal activities

Operations