FINRA E-Learning Course Outline

Anti-Money Laundering – Institutional: Exploring New Risks

Course Length: Approximately 30 minutes


1. Introduction


2. Core Concepts

  • Define money laundering

  • Client identification information and verification

  • Know your customer (KYC)

  • Additional due diligence

  • Economic sanctions

  • Recognizing suspicious activity

  • Reporting suspicious activity

  • Penalties

3. Scenarios

  1. Suspect Subaccount
    Evaluate and recommend appropriate courses of action for a registered representative who is a long-time member of the Prime Brokerage Department at Swifford and Stone Securities.

  2. Cost of Bending the Rules
    Evaluate and recommend appropriate courses of action based on the decisions of a registered representative who is an experienced member of the investment-banking group at V & V Securities.

 4. Conclusion


5. Optional Mastery Test