FINRA E-Learning Course Outline

Anti-Money Laundering—Retail: Recognizing and Escalating Suspicious Activity

 

Course Length: Approximately 30 minutes

 

1. Introduction

2. Core Concepts

• Money laundering basics
  
  
• Customer identification program
  
  
• Verifying identity
  
  
• Know your customer
  
  
• Dealing with foreign individuals or accounts
  
  
• Suspicious activity: opening accounts
  
  
• Suspicious activity: monitoring account activity
  
  
• Reporting suspicious activity
  
  
• Willful blindness
  
  
• SAR-SF timing and confidentiality requirements
  
  
• Penalties

3. Scenarios

• Know Your Customer
• • A registered representative and a branch associate make decisions regarding a new account opening and subsequent activity on the account
    
    
• Existing Accounts
• • A registered representative makes decisions regarding an account of a long-time client 
    
    
• Global Issues
• • A registered representative makes decisions regarding an account for a non-U.S. customer
    

4. Conclusion

5. Optional Mastery Test