FINRA E-Learning Course Outline

Anti-Money Laundering – Retail: Exploring New Risks

 

Course Length: Approximately 30 minutes

 

1.  Introduction

2.  Core Concepts

  • Defining money laundering

  • Customer Identification Program

  • Know your customer (KYC)

  • Dealing with foreign individuals and accounts

  • Recognizing and reporting suspicious activity

  • Structuring payments

  • Willful blindness

  • SAR-SF timing and confidentiality requirements

  • Penalties

3.  Scenarios

  • An Awkward Situation
    Evaluate and recommend appropriate courses of action for a registered representative who works to advise a client about a new account.

  • An Honest Mistake
    Evaluate and recommend appropriate courses of action for a registered representative who becomes involved in some questionable deposits and wire transfers.

4.  Conclusion

5.  Optional Mastery Test