Arizona Anti-Money Laundering Today

Agents in all areas of the Insurance industry, Life, Health, Accident, Property, & Casualty handle money for a living every day from individual and businesses. Like bankers and stock brokers, all insurance licensees are bound by the Patriot Act to be diligent in their daily dealings with customers and clients. They are required to be aware of Money Laundering and the huge impact it has on our financial systems here at home in America as well as all around the world. They are required to be familiar with the specifics of Anti-Money laundering and be a part of the effort to stop it where it happens.

“Anti-Money Laundering Today” explores, outlines, and discusses a variety of fundamental subject areas dealing with money laundering. It raises awareness from insurance agent and company perspectives as well. This critical subject holds importance for each of us and our country.

Money laundering allows crime to pay by permitting criminals and terrorists to hide and legitimize proceeds derived from illegal activities. Worldwide money laundering activity amounts to over $1 trillion a year. These illicit funds allow criminals and terrorists to finance a range of additional criminal and terrorism activities. Moreover, money laundering abets corruption, distorts economic decision-making, aggravates social ills, threatens the integrity of financial institutions, and jeopardizes the security of the USA.

Each section provides valuable information and required knowledge for all agents to be aware of as they go about handling money in all of their varied license categories. Life and Health agents handle vast sums of money from large numbers of people every year. Property and Casualty agents provide risk management services daily. But most are also licensed for Life, Health, and Accident, Annuities, and sometimes investments and as such are frequently handling personal and business assets for their clients as well.

Besides acquiring personal knowledge on this subject, students and course participants will earn appropriate CE credits and satisfy company requirements in this area as deemed necessary or regulated by state laws.