NRS Course Catalog

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AML - A Historical Review

Course Code: CE_AMLHR

Audience

AML - A Historical Review is intended for securities industry professionals interested in recent developments and trends in anti-money laundering activities and efforts, as well as the changing regulatory environment. This course presumes that the reader has a basic understanding of the AML requirements under the Patriot Act.

Course Description

The aim of this course is to give financial services professionals a review of past trends in money laundering schemes. Lesson 1 briefly reviews anti-money laundering basics, while Lessons 2 and 3 look at some of the most recent hot topics in the reporting of suspicious activity, trendy schemes in moving money both abroad and in the U.S., and advisories from FinCEN and FINRA. The course concludes with case studies that highlight the consequences of noncompliance with anti-money laundering rules and regulations.

CFP Program ID: 234835     CFP Credit Hours: 1.00

AML Current Issues 2019

Course Code: CE_AMLCI19

Audience

AML - Current Issues 2019 is intended for securities industry professionals interested in the latest developments and trends in anti-money laundering efforts, as well as the changing regulatory environment. This course presumes that the reader has a basic understanding of the AML requirements under the Patriot Act.

Course Description

AML - Current Issues 2019 goes beyond the basics of anti-money laundering rules. It reveals the latest schemes used by money launderers and the activities that should serve as red flags, prompting financial services professionals to report the activity to an AML compliance officer, and ultimately to the regulators. In addition, it identifies the latest FATF advisories for the countries that pose the highest risk for money laundering.

This course also reviews the current trends in AML compliance and how firms can avoid regulatory problems with an appropriately designed compliance program. In addition, the course looks at the latest FinCEN Advisory to U.S. financial institutions on promoting a culture of AML compliance as well as advisories related to AML sanctions.

AML Policies and Procedures

Course Code: CE_AMLPP

Audience

AML Policies and Procedures is directed toward individuals working in financial services firms. Representatives, supervisory principals, operations staff, and administrative staff will find this course informative and descriptive.

Course Description

This course describes anti-money laundering (AML) policies and procedures designed to detect and prevent money laundering using brokerage accounts or investments in securities and insurance products. The course also explains how these AML policies and procedures must be followed and amended as needed to reflect any new rules or regulations. The overall objective of this course is to describe the risk-management policies and procedures that help prevent money laundering or other illegal activities at financial services firms.

CFP Program ID: 234836     CFP Credit Hours: 1.00

AML Red Flags - Retail and Operations

Course Code: CE_AML_RF

Audience

AML Red Flags --- Retail and Operations is intended for the retail registered representative who opens customer accounts, verifies customer identity information, executes customer transactions, and identifies and deals with potential AML risks.

The course is also intended for operation specialists who monitors customer information at opening and throughout the customer's transaction history, and who may discover AML risk factors that the registered rep has not realized.

Course Description

AML Red Flags --- Retail and Operations presumes that the reader has a basic understanding of the anti-money laundering requirements under the USA PATRIOT Act of 2001 (PATRIOT Act) and The Bank Secrecy Act of 1970 (BSA). The Patriot Act amended the BSA to include financial institutions other than banks, including securities firms. The course details the importance of the "know your customer" rules in the AML context. Additionally, the important sources for identifying customers who may have terrorist ties are discussed as are AML red flags that may appear during the account-opening phase.

This course also focuses on red flags during the life of an account: The nature of the account, after opening, and the nature of transactions in the account. Finally, a review of reporting suspicious activity in compliance with the Patriot Act is covered.

CFP Program ID: 200240     CFP Credit Hours: 1.00

Anti-Money Laundering

Course Code: CE_AML_GEN

Audience

Anti-Money Laundering - General is intended for professionals in the insurance and financial services industry, representatives in the banking and securities brokerage industry, as well as mutual fund companies and investment advisers. In short, anyone who holds, handles, manages customer assets, or supervises those who do will likely find value in this course.

Course Description

Anti-Money Laundering - General covers the basics of combating money laundering. It explores the global issue of money-laundering and the procedures that financial institutions and their employees must lawfully follow to detect suspicious activities.

CFP Program ID: 200238     CFP Credit Hours: 1.00

Anti-Money Laundering for Institutional Brokers

Course Code: CE_AML_IB

Audience

Anti-Money Laundering for Institutional Brokers is directed to institutional representatives and their supervisors whose jobs require them to detect and prevent money laundering. Specifically, this course complies with the USA PATRIOT Act requirements for ongoing anti-money laundering training for selected employees of broker/dealers.

Course Description

Anti-Money Laundering for Institutional Brokers begins with a review of money-laundering regulations and the organizations charged with enforcement. Lesson 1 also contains a case study to help illustrate money-laundering activities. The course then outlines the various money laundering stages and the suspicious activities that can help personnel detect and prevent money laundering. The last section of the course covers AML program requirements, the application of the Bank Secrecy Act, and specific due diligence for high-risk accounts.

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