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Anti Money Laundering & Beneficial Ownership

 

Investment 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 issues and discusses the importance of "knowing your client" in relation to maintaining an effective anti-money laundering program.

Lesson 1 - Background on Money Laundering and Terrorist Financing

  • Money Laundering
  • Background on Canadian Anti-Money Laundering Laws

Lesson 2 - Beneficial Ownership and Red Flags

  • Fulfilling Client Identification Requirements

Lesson 3 - Politically Exposed Persons and Red Flags

  • Who is a PEP?
  • Heads of International Organizations
  • Family Members and Close Associates of PEPs
  • Can a business be designated a PEP?
  • Risks of PEPs
  • Doing Business with PEPs
  • Reasonable Measures to Identify and Verify
  • Assessing Risk
  • Transaction Monitoring and Ongoing Monitoring

Lesson 4 - Practical Considerations

  • Account Opening Red Flags
  • Account Transaction Red Flags
Approximate Hours of Study**
Hours of Study 2.5 hours
QUIZ FORMAT
Quiz Format Online
Question Format Multiple Choice
Questions Per Quiz 20
Passing Grade 60%*
Attempts Allowed Unlimited*
ENROLMENT PERIOD
Enrolment Period 6 months

* IMPORTANT: There is no maximum to the number of quiz attempts permitted, but only the first passing grade (60% or over) will appear on official web transcript.

Continuing Education (CE) Credits

Click the links below or the buttons at the top of the page on the right side to access CE accreditation information. To search for specific course information, press Ctrl + F and then enter the course name to search the document for the information you are interested in.

National/Provincial (Excluding Quebec)
Download CE Chart (PDF, 163 kb)

Quebec (IQPF/CSF)
Download IQPF/CSF Chart (PDF, 182 kb)

Please note: While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the charts above may be subject to change.

For details on the organizations and other information on CE Credits listed in the above charts, please click here.