AML Practices for the Insurance Producer: Recognizing Red Flags

Overview

Insurance producers are the first line of defense against money laundering. This course helps them identify AML “red flags” in insurance products. It covers federal AML laws, the producer’s role in AML programs, and red flag activities during application and throughout the policy’s life. The course also provides steps to take when red flags are detected and offers best practices for producers.

Find this course for your license

License or Certification

Regulator

Objectives

demonstrate an understanding of money laundering, including the three phases of the money laundering process
offer examples of how financial products can be used in a money laundering process and identify the specific types of products that are most likely to be used
explain the producer's responsibilities with respect to the company's AML policy, especially how to report suspicious activities
recognize the "red flags" that could indicate an attempt is being made to launder money for illicit purposes
explain what steps a producer should and should not take if red flags are detected or money laundering is suspected

Designed For:

Life and health insurance producers and finance professionals

Course Information

Adding additional credit may change exam requirements.

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