MILWAUKEE – Quest CE, premier provider of compliance training and tracking technology solutions, today announced the addition of the new Firm Element course, “AML Focus on Politically Exposed Persons and Senior Foreign Political Figures,” to its e-learning catalog.
The course is designed to educate employees at financial institutions regarding the opening and maintaining of accounts for foreign persons who hold or have held political positions, or who are associated with those who hold such positions. So-called Politically Exposed Persons and Senior Foreign Political Figures present firms with risks associated with money laundering and other crimes related to government corruption. This course explores those risks, discusses the regulatory requirements related to assessing and managing those risks, and the ways that firms and agents can mitigate those risks.
Course Topics Include:
- Overview of AML Rules and Regulation
- The Bank Secrecy Act
- The USA Patriot Act
- AML Program Requirements
- Customer Identification Programs
- Determining Beneficial Ownership
- Rules Related to Foreign Banks
- Suspicious Activity Monitoring
- OFAC Sanctions Programs
- Establishing Risk Factors
- Customer Due Diligence Requirements
- The AML Act of 2020
- Recent Regulatory Violations
For questions regarding this or other Firm Element courses, please contact a Quest CE Sales Executive at 877-593-3366 or e-mail firstname.lastname@example.org. To view Quest CE’s Firm Element course catalog, click here.
About Quest CE
For over thirty years, Quest CE has been the premier provider of compliance training and tracking solutions to the financial services industry. In addition to offering on-demand insurance and designation continuing education, Quest CE provides a complete spectrum of proprietary technology solutions for managing compliance risk exposures.
Serving more than 1,000 leading insurance carriers, broker-dealers, banks, and other financial institutions, Quest CE is committed to providing advanced custom solutions at cost effective rates, while providing a level of service that greatly surpasses that of our competitors. Quest CE is the single source solution for organizations’ training and compliance needs. For more information on Quest CE, visit www.questce.com.