Insurance

Money Laundering: Prevention and Detection

Overview

This course provides an overview of the elements of money laundering, recommendations on how to prevent money laundering, and a review of disciplinary actions to illustrate the potential consequences of engaging in money laundering activities.

Summary Details

Hours

0.5





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Learning Objectives

  • Identify the steps in the money-laundering process
  • Recognize the types of customer information that must be obtained when a person opens a customer account
  • Describe the role of customer identity verification and the methods that may be employed to accomplish it
  • Identify the common red flags that suggest a customer may intend to use the broker-dealer to launder funds derived from criminal activity
  • Determine the records that must be created to verify a customer’s identity and the period of time those records must be maintained


Designed For:

Retail registered representatives 



Course Information

Adding additional credit may change exam requirements.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Not Available
Provider of Record: WebCE
Provider Number: 2257
Approved For: General

Exam

Proctor: No
Passing Grade: 70
Questions: 5



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