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Continuing Education → Compliance

Anti-Money Laundering (AML) Compliance Training (LCI060C1)


Description
This is anti-money laundering (AML) training – a compliance course designed for people who don’t particularly get excited about AML compliance training, but have to take it anyway, in order to satisfy FINTRAC compliance requirements.

1.0 Practice Management (#6386) FP Canada
1.0 Life, A&S, General and Adjuster (#54580) Alberta Insurance Council

The course is designed for Canadian financial entities, securities dealers and life insurance companies. And after the course, you’ll know:

How your company is vulnerable to money laundering;
How to detect and deter money laundering and terrorist financing activities;
Your regulatory obligations, policies and procedures to combat money laundering and terrorist financing.

CE Credits: 1.0 Accreditation Number: LCI060C1 CE Credit Type: Compliance

Content
  • Introduction (3:38)
  • Understanding AML (7:04)
  • How to Launder Money
  • How to Launder Money Part I: The Basics (4:52)
  • How to Launder Money Part II: Staying Under the Radar (3:35)
  • How to Launder Money Part III: Strategy (4:24)
  • Terrorist Financing
  • Understanding Terrorist Financing (4:55)
  • Reporting Requirements and Red Flags
  • Understanding Reporting Requirements (3:34)
  • Reporting Suspicious Transactions (6:15)
  • Red Flags of Money Laundering and Terrorist Financing (6:03)
  • Red Flags for Securities Dealers (1:01)
  • Red Flags for Insurance Companies (0:56)
  • Know Your Client
  • Why it Matters to Know Your Client (2:14)
  • Programming Note!
  • When to Identify Individuals - FINANCIAL ENTITIES
  • When to Identify Individuals - SECURITIES DEALERS
  • When to Identify Individuals - LIFE INSURANCE
  • How to Identify an Individual
  • Confirming the Existence of an Entity
  • Privacy and Personal Information (1:15)
  • Beneficial Ownership Requirements (3:10)
  • Third Party Determination Requirements (2:47)
  • Politically Exposed Persons (3:23)
  • Ongoing and Enhanced Monitoring (2:51)
  • Conclusion and Quiz
  • Conclusion (0:33)
  • AML Compliance Test
  • Additional Resources
  • Acronyms and Glossary
  • IIROC Anti-Money Laundering Compliance Guidance June 1, 2020
Completion rules
  • You must complete the test "AML Compliance Test"
  • Leads to a certification with a duration: 1 year