$10.00 USD

Anti-Money Laundering and the Insurance Industry

Complete the course at your own pace.

This is a 2.0 Credit Hours Anti-Money Laundering Course for Texas!

Review the online text material and pass an online exam to receive credit. Test can be taken an unlimited number of times and passing grade of 70% needed to receive credit.

Course Description:

This course provides a comprehensive understanding of the complex issue of money laundering and its impact on the insurance sector. The course covers the fundamentals of money laundering, including key methods, prevention, enforcement, and its specific implications for insurance, such as false claims, premium financing schemes, and reinsurance transactions. The course also delves into Anti-Money Laundering (AML) laws and procedures, exploring topics like Customer Due Diligence (CDD), Know Your Customer (KYC), penalties, enforcement mechanisms, and compliance with laws and regulations. Student will gain insights into the historical context of AML laws, the Bank Secrecy Act, the USA PATRIOT Act, and international cooperation.