Course Description:
This webinar will cover the new anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements that are slated to become effective for certain investment advisers. The course is intended to cover which registered investment advisers (RIAs) and exempt reporting advisers (ERAs) are covered under the Bank Secrecy Act of 1970 (BSA), as well as the similarities -and any differences – between investment adviser requirements and those more established AML/CFT practices of other financial institutions.
Learning Objectives:
After attending this course, attendees should be able to:
- How to implement a reasonably designed, risk-based AML/CFT program
- When to file certain reports such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs)
- Best practices on maintaining certain AML/CFT records
- Anticipate the strategy for potential customer identification program (CIP) requirements
For Whom: Chief Compliance Officers, Management Compliance Staff at all levels, Legal Counsel, Trading Personnel Persons involved with monitoring client portfolios
Suggested Skill Level: Intermediate
Instructional Method: Group Internet-Based
Pre-requisites for participation: No prerequisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940 to become familiar with the structure and terms.
Advance Preparation: None
Continuing Education Credits
COMPLY Continuing Education Guide
Recommended IACCP® CE Credit: 2
Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Recommended CA MCLE Credit: 2