This advanced-level firm element course provides a higher level look at AML for all types of financial services representatives and agents, and includes real-world case studies to illustrate the concepts discussed. Topics covered by this course include: Understanding the evolution of AML laws in the US; Real-world examples of red flags; How reporting tools are used by FinCEN and law enforcement; and Examination of case studies, focusing on red flags that were caught or missed, and how the criminals involved were abusing financial services to launder money for illegal endeavors.
10700
29
20
- Review of Money Laundering Basics
- Evolution of the Bank Secrecy Act and Anti-Money Laundering Measures in the US
- AML and CIP Program in the Financial Services Industry
- CDD Rule
- Red Flags
- Case Studies
AML Focus on Politically Exposed Persons and Senior Foreign Political Figures (AML INT)
15697
Overview
This course is designed to educate employees at financial institutions regarding the opening and maintaining of accounts for foreign persons who hold or have held political positions, or who are associated with those who hold such positions. So called Politically Exposed Persons and Senior Foreign Political Figures present firms with risks associated with money laundering and other crimes related to government corruption. This course explores those risks, discusses the regulatory requirements related to assessing and managing those risks, and the ways that firms and agents can mitigate those risks.
15697
50
45
Annual AML Update: COVID-19 Risks, Legislative Updates, and Enforcement Actions (AML INT)
15476
Overview
A course covering 2020 AML updates and enforcement actions would not be complete without understanding the impact of the COVID-19 pandemic on the flow of illicit funds and the new ways that criminals found to exploit the confusion and systemic vulnerabilities exposed by the pandemic as both government and private entities pivoted business models over the course of just a few months. This course weaves together COVID-19 related money laundering examples, with enforcement actions, AML trends, and U.S. Legislation directed at improving AML efforts.
15476
40
30
Annual AML Update: Cryptocurrency, Regulatory Guidance, and Enforcement (AML INT)
18682
Overview
This course covers 2021 anti-money laundering (AML) updates and things to consider in an everchanging world. The advent of Covid-19 and multiple variants that have come afterwards has created the perfect storm for those who want to conceal dirty (laundered) money. The new environment of remote work and in a lot of cases virtual interactions with new and existing clients further complicates the ability to track and catch these illegal activities. Add cryptocurrency to the mix with its anonymity and life in the financial industry has become complicated in ways never imagined even 10 years ago.
18682
20
30
Annual AML Update: Review of Regulatory Guidance and Enforcement (AML INT)
12611
Overview
This course is a review of Anti-Money Laundering developments from 2019 including regulatory guidance from the securities and banking industries, FATF cryptocurrency guidance, enforcement actions, a new FINCEN department and several case studies from the Danske Bank AML case to the US' Mueller report. By the end of the course, students will have an understanding of both the front-end of the regulatory environment as well as real life stories to inform how money laundering is caught and prosecuted in modern cases.
12611
47
45
Anti-Money Laundering and Red Flags for Institutional Clients (AML INT)
10701
Overview
This course is directed to individuals working with institutional clients who must become more aware of the requirements to detect and prevent money laundering. Specifically, this course complies with the USA Patriot Act requirements for ongoing anti-money laundering training. The course begins with a review of money laundering regulations and the organizations charged with enforcement. The course then outlines the various money laundering stages and suspicious activities that can help personnel detect and prevent money laundering. Finally, the course outlines responsibilities for representatives dealing with institutional clients focusing on knowing your customer, information verification, due diligence, and finally a case study identifying the importance of the following rules and potential problems that may occur if AML procedures are not followed.
10701
26
20
- History of Anti-Money Laundering Regulations
- Historical Federal Legislation
- USA Patriot Act & New Red Flag Requirements
- What is Money Laundering?
- What is at Stake?
- CDD Rule
- Using the Office of Foreign Assets Control
- Responsibilities with Institutional Clients
Anti-Money Laundering and Red Flags for Institutional Clients - Vol. 2 (AML INT)
10702
Overview
This course is designed for registered representatives of institutional broker-dealers. The course begins with a review of basic anti-money laundering concepts, and then shifts to the representative's role in preventing, detecting and reporting suspicious activities that may point to illegal money laundering. The course includes a case study based on a real-world example of Anti-Money Laundering failures relating to institutional customer accounts.
10702
53
55
- What is Money Laundering?
- U.S. Anti-Money Laundering Efforts: Laws, Agencies, FINRA requirements
- Customer Identity Verification: Documentary and Non-Documentary
- Customer Due Diligence and Risk Assessment
- CDD Rule
- Detecting and Reporting Red Flags: Behavioral and Transactional Red Flags
- Investigating and Reporting Suspicious Activities
- Case Study
Anti-Money Laundering and the Red Flag Rule (AML INT)
9922
Overview
This course is designed for registered representatives, supervisors, and institutional sales representatives. The objective of this course is to raise the awareness of anti-money laundering regulations so that representatives have the knowledge to prevent and detect money laundering. This knowledge will help ensure that each representative and their employer do not become involved in investigations or scandals that could harm the company's reputation or risk client relationships. After completing this course, representatives will have a better understanding of anti-money laundering regulations, including the Know Your Customer rule, as well as be able to better recognize suspicious activities to protect themselves from the consequences of being linked in any way to money-laundering activities.
9922
41
20
Anti-Money Laundering Compliance Obligations for Retail Representatives (AML INT)
10703
Intermediate
This course is intended for retail representatives and provides an overview of broker-dealer AML program requirements, "red flags" and suspicious activities, as well as a registered representative's role in detecting, preventing and reporting suspicious activity.
10703
38
20
- Definition and criminalization of money laundering
- Developing and testing an anti-money laundering program
- Customer identification procedures
- CDD Rule
- Detecting and reporting suspicious activity
- Criminal sanctions
Anti-Money Laundering Considerations for Banks (AML INT)
11030
Intermediate
This course is designed for tellers, operational staff, compliance, and any employee working directly or indirectly with the banking industry. This course will provide basic background information on U.S. money-laundering laws and international anti-money laundering efforts. It also discusses actions bankers can take to better identify and manage risks associated with money laundering and terrorist financing. It is intended to provide a high-level discussion of concepts and issues.
11030
45
30
- Overview of Money Laundering
- The Bank Secrecy Act
- What Bankers Can Do to Help
- Monitoring Programs
- CDD Rule
- Types of Banking
- High-Risk Customers
- Money Laundering Red Flags
- Terrorist Financing Red Flags
- Reports and Records
Anti-Money Laundering Detection and Prevention for Agents (AML INT)
10217
Overview
This course provides an overview of AML concepts, tailored for producers. The focus is on the need for front-line brokers and agents to have an understanding of how money laundering works, and the risks and red flags they should be aware of in their role as producers.
10217
71
32
- The stages of the money laundering process
- Money laundering and terrorist financing
- Agents' and broker's responsibilities
- Identifying red flags
- Customer identity verification requirements
- CDD Rule
- Foreign clients and overseas markets
- FinCEN, OFAC and FATF
- Case studies relating to a producer's role in detecting and preventing money laundering in daily operations
Anti-Money Laundering for Agents (AML INT)
11213
Overview
This course is intended for retail representatives, investment advisors, supervisors, or any financial service industry professional interested in learning how industry rules regarding anti-money laundering rules and regulations. The objective of this course is to introduce agents to the federal laws and regulations that apply to money laundering, record keeping, and reporting. The course discusses some red flags that may indicate potential money laundering activities, as well as the penalties that can be imposed for violating federal money laundering laws.
11213
41
26
- Overview of Money Laundering
- Awareness of AML Regulations
- Definition of Money Laundering
- How Money Laundering is Done
- Overview of Federal Efforts
- Federal Anti-Money Laundering Legislation
- Enhanced Customer Identification
- CDD Rule
- Additional Reporting Requirements
- Money Laundering Suspicious Activities
- Overview of Penalties
Anti-Money Laundering for Agents and Representatives: Overview Detection and Prevention (AML INT)
10704
Overview
This course is intended for producing agents and registered representatives, and is also suited for investment advisors, supervisors, or any financial service industry professional needing a basic understanding of industry rules regarding anti-money laundering, and how firms detect and prevent possible money laundering.
10704
40
30
- Overview of Money Laundering
- The stages of the money laundering process
- Overview of Federal AML measures (BSA, USA PATRIOT Act)
- FinCEN, OFAC and FATF
- Agents' and brokers' responsibilities
- Customer identity verification requirements
- CDD Rule
- Recognizing Money Laundering Red Flags
- Overview of Recent Penalties for AML Violations
- Case studies relating to a producer's role in detecting and preventing money laundering in daily operations
Anti-Money Laundering for Bank-Affiliated Broker-Dealer Representatives (AML INT)
10705
Overview
This course is designed for registered representatives of broker-dealers affiliated with banks, credit unions, or similar financial institutions. The course begins with a review of basic anti-money laundering concepts, and then shifts to the representative's role in preventing, detecting and reporting suspicious activities that may point to illegal money laundering.
10705
36
35
- Money laundering overview
- AML efforts
- Role of banks and other financial institutions in AML efforts
- CIP programs
- Customer due diligence and risk assessment measures
- CDD Rule
- Money laundering red flags
- Reporting suspicious activities
- Willful blindness
Anti-Money Laundering for Broker-Dealers (AML INT)
10706
Overview
This course is intended for retail representatives, investment advisors, supervisors, or any financial service industry professional interested in learning about industry rules regarding anti-money laundering rules and regulations. The objective of this course is to introduce broker-dealer employees to the federal laws and regulations that apply to money laundering, record keeping, and reporting. The course discusses some "red flags" that may indicate potential money laundering activities, as well as the penalties that can be imposed for violating federal money laundering laws.
10706
43
30
- Overview of Money Laundering
- Awareness of AML Regulations
- Definition of Money Laundering
- How Money Laundering is Done
- Overview of Federal Efforts
- Federal Anti-Money Laundering Legislation
- Enhanced Customer Identification
- CDD Rule
- Additional Reporting Requirements
- Money Laundering Suspicious Activities
- Overview of Penalties
Anti-Money Laundering for Broker-Dealers - Vol. 2 (AML INT)
10707
Intermediate
This course is designed for registered representatives of FINRA member broker-dealers. The course begins with actual cases involving FINRA member firms that took place in 2015 and then moves into a review of basic anti-money laundering concepts. The course then shifts to the representative's role in preventing, detecting and reporting suspicious activities that may point to illegal money laundering, providing examples from actual cases of what happens when a firm fails to carry out its AML obligations.
10707
38
45
- Real world AML cases from 2015
- Money laundering overview
- CIP programs
- CDD Rule
- Customer due diligence and case study example of due diligence failure
- Money laundering red flags and case study example of failure to detect, investigate and report suspicious activities
Anti-Money Laundering for Financial Services Professionals (AML INT)
10708
Overview
This course is intended for retail representatives, investment advisors, supervisors or any financial service industry professional interested in learning about industry rules regarding anti-money laundering rules and regulations. This course will examine anti-money laundering regulation in the broker-dealer industry, specifically focusing on the USA PATRIOT Act of 2001 and FINRA Rule 3011.
10708
70
35
- What is Money Laundering?
- The Scope of the Problem
- The Process of Money Laundering
- Money-Laundering Techniques
- Impact
- Documentary/Non-Documentary
- Potential Indicators of Suspicious Activity
- Filing Requirements
- Know Your Customer
- CDD Rule
- Criminal and Civil Penalties
- CEO and CFO Responsibilities under SOX
Anti-Money Laundering for Home Office Personnel (AML INT)
10204
Overview
This course is intended for home office personnel, retail representatives, investment advisors, supervisors, or any financial service industry professional interested in learning about industry rules regarding anti-money laundering rules and regulations. The objective of this course is to introduce home office employees to the federal laws and regulations that apply to money laundering, record keeping, and reporting.
10204
37
30
- Overview of Money Laundering
- Awareness of AML Regulations
- Definition of Money Laundering
- How Money Laundering is Done
- Overview of Federal Efforts
- Federal Anti-Money Laundering Legislation
- Enhanced Customer Identification
- CDD Rule
- Additional Reporting Requirements
- Money Laundering Suspicious Activities
- Overview of Penalties
Anti-Money Laundering for Home Office Personnel - Vol. 2 (AML INT)
10709
Overview
This course is intended for home office personnel, retail representatives, investment advisors, supervisors or any financial service industry professional interested in learning more about the industry rules and regulations regarding anti-money laundering. The objective of this course is to introduce home office employees to the federal laws and regulations that apply to money laundering, record keeping and reporting.
10709
22
35
- Overview of Money Laundering
- Awareness of AML Regulations
- Definition of Money Laundering
- How Money Laundering is Done
- Overview of Federal Efforts
- Federal Anti-Money Laundering Legislation
- Enhanced Customer Identification
- CDD Rule
- Additional Reporting Requirements
- Money Laundering Suspicious Activities
- Overview of Penalties
Anti-Money Laundering for Investment Advisers (FE INT)
10671
Intermediate
This course covers proposed anti-money laundering rules for registered investment advisers. Included are highlights of the major features of the proposed rule and the implications the rule will have for investment advisers.
10671
34
20
Anti-Money Laundering for Municipal Securities Representatives (AML INT)
11031
Overview
This course is intended for registered securities representatives and supervisors interested in learning how industry rules regarding anti-money laundering regulations. Every municipal securities dealer must establish and implement an anti-money laundering compliance program designed to achieve and monitor ongoing compliance with the requirements of the Bank Secrecy Act, 31 U.S.C. 5311, et seq. (BSA).
11031
41
27
- Overview of Money Laundering
- Awareness of AML Regulations
- Definition of Money Laundering
- How Money Laundering is Done
- Overview of Federal Efforts
- Impact on Your Broker Dealers and Clients
- Enhanced Customer Identification
- CDD Rule
- Additional Reporting Requirements
- Money Laundering Suspicious Activities
- Overview of Penalties
Anti-Money Laundering for Retail Representatives (AML INT)
10710
Overview
The objective of this course is to make you aware of the anti-money laundering rules and regulations so that you are able recognize those warning signs and take the correct steps for addressing the questionable issues. After completing this course, you will be able to identify the stages of the money laundering process, understand the development of AML regulations in the U.S., describe Customer Identification Program requirements, and recognize suspicious activities and red flags that could indicate money laundering activity.
10710
39
20
- Money Laundering Processes
- AML Regulations
- Customer Identification Programs
- CDD Rule
- Enhanced Due Diligence
- Activity Monitoring and Red Flags
- Suspicious Activity Reporting
- Consequences of AML Violations
Anti-Money Laundering for Supervisors (AML INT)
10226
Intermediate
An overview of money laundering, firms' obligations in creating an AML program, red flags of suspicious activity, and the supervisor's role in detecting, preventing and reporting suspicious activity. Real-word examples of AML compliance failures will be presented.
10226
48
30
- Review of money laundering basics and AML laws in the US
- Adopting an anti-money laundering program
- Customer identification procedures
- CDD Rule
- Red flags of suspicious activity
- After the Red flag - Monitoring, Investigating and Reporting Suspicious Activities
- Case Study - repeated failures of an AML compliance program
Anti-Money Laundering for Wholesalers: Your Role in Detecting and Deterring Money Laundering Activity (AML INT)
10711
Overview
This course provides an overview of AML concepts tailored for wholesalers. The focus of this course is on the need for wholesalers to have a better understanding of what money laundering is, how it works and the risks, red flags and reporting requirements they should be aware of in their role as a producer.
10711
33
13
- Definition and examples of money laundering
- International scope and response
- FATF
- US laws, regulations, and agencies
- FinCEN, OFAC and BSA
- Customer identity verification requirements
- CDD Rule
- Identifying red flags
- Wholesalers' responsibilities
Anti-Money Laundering Regulations and Ramifications (AML INT)
9999
Overview
This course is intended for retail representatives, investment advisors, supervisors, or any financial service industry professional interested in learning how industry rules regarding anti-money laundering rules and regulations. The course discusses "red flags" that may indicate potential money laundering activities, as well as the penalties that can be imposed for violating federal money laundering laws.
9999
39
30
- Overview of Money Laundering
- How Money Laundering is Done
- What is Terrorist Financing?
- Curbing Money Laundering
- Federal Legislation
- USA PATRIOT Act
- Impact on Your Company and Clients
- Enhanced Customer Identification
- CDD Rule
- Office of Foreign Asset Control
- Suspicious Activity Indicators to Consider
- Criminal & Civil Sanctions
Anti-Money Laundering Regulations and Red Flag Requirements for the Investment Adviser (AML INT)
11032
Overview
Anti-money laundering is the term used to describe the regulations that financial institutions must adhere to in order to prevent and report money laundering activities. In the wake of the September 11, 2001 terrorist attacks, additional focus on the problems of money-laundering activities, especially as it relates to the funding of terrorists, has increased.
11032
36
30
- Overview of Money Laundering
- Federal Legislation
- USA Patriot Act
- Red Flag Requirements
- What is Money Laundering?
- What's at Stake?
- Know Your Customer Guidelines
- CDD Rule
- New Account Requirements
- Using the Office of Foreign Assets Control
- Suspicious Behavior Checklist
- Currency Transaction Reports
- Suspicious Activity Reports (SARs)
This course will review the customer due diligence (CDD) regulations that have been set by organizations developed to combat criminal use of financial systems around the world. Additionally, the course will focus on the most recent regulations adopted by the U.S. Treasury.
10712
32
20
- AML organizations
- Recommendations and regulations for UBOs
- FinCEN Final Rule 2016
- Covered Financial Institutions
- Ownership and Control
- Customer Due Diligence
- Risk-Based Requirements
- Complex structures
- Offshore challenges
This course covers the topic of Anti-Money Laundering as it applies to the various regulations implemented to prevent, detect and punish the act. Regulations covered are the Bank Secrecy Act, USA PATRIOT Act, and FINRA Rule 3310.
10608
23
25
Anti-Money Laundering: Customer Identification Programs and Red Flags (AML INT)
10055
Intermediate
This course covers requirements for a firm's Customer Identification Program, with emphasis on real-world context for application of a CIP. The course also discusses red flags that every representative should be aware of in their day-to-day dealings with customers and prospective customers, and with accounts. The course concludes with case studies to illustrate the concepts covered in the text.
10055
35
20
- Money laundering overview
- BSA and AML programs
- Overview of CIP programs and their required elements
- CDD Rule
- Red flags of possible money laundering
- Case studies
Anti-Money Laundering: Customer Identification Programs, Red Flags, Everyday Scenarios and Enforcement Cases (AML INT)
10713
Intermediate
This course provides a brief review of the basics of illegal money laundering and the legislative measures adopted to combat money laundering in the US. The course covers requirements for a firm's AML and CIP programs with emphasis on real-world context. The course also discusses red flags that every representative should be aware of in their day-to-day dealings with customers and prospective customers, and with accounts. The course concludes with examples of enforcement cases that reinforce the concepts covered in the text.
10713
43
30
- Money laundering overview
- Overview of BSA and AML programs
- Overview of CIP programs
- CDD Rule
- Red flags of possible money laundering
- Enforcement cases
Anti-Money Laundering: Review, Everyday Scenarios, and Enforcement Cases (AML INT)
10714
Intermediate
This course provides a brief refresher overview of AML programs before focusing on examples of real-world scenarios representatives may encounter in their interactions with customers and prospective customers. The course continues its emphasis on real life application by presenting summaries of actual recent enforcement cases.
10714
32
20
- Money laundering overview
- Overview of AML and CIP programs
- Overview of CIP programs and their required elements
- CDD Rule
- Red flags of possible money laundering
- Enforcement case studies
This course provides a brief refresher overview of AML programs before focusing on examples of real-world scenarios representatives may encounter in their interactions with customers and prospective customers. The course continues its emphasis on real life application by presenting summaries of actual recent enforcement cases.
10715
33
30
- Money laundering overview
- Overview of AML and CIP programs
- Overview of CIP programs and their required elements
- CDD Rule
- Red flags of possible money laundering
- Enforcement case studies
Canada's Anti-Money Laundering and Anti-Terrorism Financing Regime Updates and Case Studies (AML INT)
10756
Overview
Recognizing Money Laundering and Terrorism Financing red flags in your business is crucial to maintaining the integrity of financial services providers, Canadian trade partners, and the tax base we use to benefit society. The role of financial services providers in the anti-terrorist and money laundering regime is to make it harder for bad actors to integrate ill-gotten funds into legitimate financial systems and to provide data and red flag reporting to FINTRAC. In this course, we'll focus on the 2018 updates to the Canadian Money Laundering and Terrorist Financing Regime, trade based money laundering, service based money laundering, and beneficial ownership with real life case studies to help you connect the dots between seemingly "dark" money and the accounts and activity that may come across your desk.
10756
52
60
The Canadian Anti-Money Laundering and Anti-Terrorism Financing Regime (INT)
9908
Overview
This course features key-concepts and strategies for detecting and preventing money laundering activities. In addition to providing a brief background on different methods for identifying money laundering activities, the course discusses how to identify terrorist funded groups, key objectives of Canada's Anti-Terrorism Plan, FINTRAC and characteristics of proper compliance systems.
9908
33
35
- Methods
- Financing Terror
- Specific Measures
- FINTRAC
- Privacy
