AML in Life Assurance

OBJECTIVES

There are 4 main objectives of this course:

1. You gain an understanding of the AML risks posed by Life Assurance products and services;
2. You can identify potential AML red flags on client transactions;
3. You have an awareness of AML examples and typographies relevant to Life Assurance;
4. You understand the obligations on regulators to perform monitoring and supervision activities;
This course is intended for all employees who work in the domain of Life Assurance. It is not jurisdiction
specific and can be

DESCRIPTION

The course has 4 main modules covering what we call the 4Rs of AML

1.  Risks – which are inherent in your line of business

2.  Red Flags – which your members of staff should be particularly aware of

3. Real Examples – of money laundering or terrorist financing using products and services similar to yours

4. Regulatory Inspections – what regulators find when they inspect other firms in your line of business

KNOWLEDGE CHECK

There is a 10 question knowledge check at the end of the course with a standard pass mark of 80% and unlimited
attempts. The 10 questions are drawn randomly from a larger bank of questions. Each attempt will draw a different mix of
questions.