FINRA E-Learning Course Outline

Anti-Money Laundering—Institutional: Identifying and Managing Higher-Risk Clients

 

Course Length: Approximately 30 minutes

 

1. Introduction

2. Core Concepts

• What is money laundering?
  
  
• Identification and verification
  
  
• Know your customer
  
  
• Enhanced due diligence
  
  
• Politically exposed persons
  
  
• High-risk jurisdictions
  
  
• Economic Sanctions
  
  
• Recognizing suspicious activity
  
  
• Reporting suspicious activity
  
  
• Willful blindness
  
  
• Penalties

3. Scenarios

• A referral
  
• • An institutional salesperson and a sales assistant make decisions regarding a new account for a client that already has an existing relationship with a different part of the firm
    
    
• A high-risk hedge fund
  
• • An institutional salesperson and a supervisor make decisions regarding opening and monitoring an account for a new high-risk hedge fund client
    

4. Conclusion

 

5. Optional Mastery Test