AML in Life Assurance

This course is intended for all employees who work in the domain of Life Assurance. It is not jurisdiction specific and can be used globally.

There are 4 main objectives of this course:

• You gain an understanding of the AML risks posed by Life Assurance products and services
• You can identify potential AML red flags on client transactions
• You have an awareness of AML examples and typographies relevant to Life Assurance
• You understand the obligations on regulators to perform monitoring and supervision activities

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

• Risks - which are inherent in your line of business
• Red flags - which your members of staff should be particularly aware of
• Real examples - of money laundering or terrorist financing using products and services similar to yours
• Regulatory inspections - what regulators find when they inspect other firms in your line of business

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.

Languages: English or French
Duration: 1-hour e-learning