Anti-Money Laundering Compliance Training

Course Overview

This course reviews the anti-money laundering requirements for FCMs and IBs, focusing on Customer Identification Programs (CIPs), Suspicious Activity Reporting (SAR) and information sharing requirements.

Course duration: 60 minutes

Key Takeaways

By the end of the course, learners will:

• Be familiar with the process and different stages of money laundering.
• Be cognizant of the CIP obligation and the responsibility to prevent money laundering and combat terrorism.
• Understand the rules and regulations that industry professionals must follow.
• Know the roles of FinCEN and OFAC.
• Understand the concepts and strategies for detecting and preventing money laundering activity.
• Know how to address suspicious activities and situations should they arise on the job.

Course Details

Engaging content is delivered through case studies that illustrate schemes in moving and "cleansing" money, and the consequences of noncompliance with AML rules and regulations. The course focuses on:  

• Money laundering and how it works.
• Three stages of money laundering: placement, layering, and integration. 
• Regulatory framework for AML and CFTC enforcement.
• NFA AML requirements.
• Firms' AML responsibilities.
• Reporting requirements.
• Terrorist financing. 

Who Should Take this Course?

Anyone who is an NFA Member (or associated with one) and has responsibilities that touch customer accounts, money movement or compliance must receive annual Anti-Money Laundering training. 

To complete the course, learners must pass the final assessment with a score of 80% or higher. Upon successful completion, a training certificate will be available for download.