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What will you learn about?

Advisors and dealer members are uniquely positioned to play a critical role in the detection and prevention of money laundering. This course provides an overview of money laundering and beneficial ownership requirements and discusses the importance of “knowing your client” in relation to maintaining an effective anti-money laundering program.

What is the course syllabus?

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Lesson 1: Money Laundering and Terrorist Activity Financing - Overview

Topics covered in this chapter are:

  • Background on Canadian Anti-Money Laundering Laws
  • Additional Regulatory Initiatives

Lesson 2: Beneficial Ownership and Red Flags

Topics covered in this chapter are:

  • Fulfilling Client Identification Requirements
  • Account Transaction Red Flags

Lesson 3: Politically Exposed Persons and Red Flags

Topics covered in this chapter are:

  • Domestic and Foreign Politically Exposed Persons in Canada
  • Heads of International Organizations
  • Family Members and Close Associates of PEPs
  • Can a Business be Designated a PEP?
  • Reasonable Measures to Identify and Verify
  • Assessing Risk
  • Transaction Monitoring and Ongoing Monitoring

Lesson 4: Practical Compliance Considerations

Topics covered in this chapter are:

  • Fulfilling Compliance Requirements
  • Account Opening Red Flags
  • Account Transaction Red Flags