Anti-Money Laundering for the Insurance Industry (CA)

Overview

Following the September 11, 2001 attacks, the USA PATRIOT Act mandated that financial institutions implement anti-money laundering (AML) programs. This course reviews AML rules for insurance companies and producers, explores how life insurance products can be used in money laundering, and specific measures insurance companies must take to detect and prevent money laundering, including Suspicious Activity Reports and producer responsibilities.

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
identify the specific types of products that are most likely to be used
describe the basics of the USA PATRIOT Act and FinCEN's final rules as they pertain to an insurance company's AML program
demonstrate an understanding of the producer's and the employee's personal responsibilities with respect to the company's AML policy

Designed For:

Life and health insurance producers and finance professionals

Course Information

Adding additional credit may change exam requirements.

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