Anti-Money Laundering Compliance Training

Anti-Money Laundering Compliance Training

Image: AML course logo

The U.S. Patriot Act was enacted to strengthen measures to prevent, detect, and prosecute international money laundering and the financing of terrorism. IFMs AML Compliance e-training is designed for employees of futures commission merchants (FCMs) and introducing brokers (IBS) as mandated by NFA Rule 2-9(c) and its related Interpretive Notice 9045.

The course provides a clear understanding of the various techniques of money laundering and their threats to the financial industry. Students will learn about the regulations designed to detect, monitor, and prevent criminal actions. The interactive, audio-enhanced course is designed to help industry participants detect, prevent and respond effectively to attempts to launder money through their firms and the futures markets.

The core of the training is built upon a hypothetical case study focusing on business activities in which a financial professional must exercise informed, practical judgment to determine how best to apply federal laws and regulations, industry rules and best practices, and firm policies and procedures that address money laundering. The case scenario highlights various "red flags" that help identify areas of money laundering concerns. At the end of the case study there is a summary of key elements of an anti-money laundering program. Users are encouraged to review this information and may print the pages for future reference.

Training duration: Approximately 60 minutes. A training certificate can be downloaded after successful course completion.

Recordkeeping: IFM maintains firm and employee training records for a minimum of five (5) years as required by law.