Anti-Money Laundering for Insurance

BSA/AML compliance for insurance producers. Suspicious activity recognition, SAR filing, and insurance-specific money laundering schemes.

6 Units

Early Units (Foundation)

Building Skills

Advanced Concepts

Capstone/Synthesis

BSA/AML Framework for Insurance

This unit examines the Bank Secrecy Act and anti-money laundering regulatory framework as applied to insurance companies, including covered products, regulatory authority, and the unique compliance challenges arising from insurance industry characteristics.

20 minutes

Insurance-Specific Money Laundering Schemes

This unit examines specific money laundering schemes targeting insurance products, including policy cycling, early surrender patterns, third-party premium payments, and complex ownership structures used to obscure the origin of illicit funds.

20 minutes

Customer Due Diligence & Beneficial Ownership

This unit examines customer due diligence obligations for insurance companies, including customer identification, beneficial ownership rules for legal entities, risk-based verification procedures, and ongoing monitoring requirements to detect suspicious activity.

20 minutes

SAR Filing Obligations & Procedures

This unit examines Suspicious Activity Report filing obligations for insurance companies, including filing thresholds and triggers, the SAR filing process, required documentation, confidentiality protections, and enforcement consequences for non-compliance.

20 minutes

Red Flags & Suspicious Activity Recognition

This unit provides practical guidance on recognizing red flags in insurance transactions, including customer behavior patterns, transaction characteristics, documentation anomalies, and contextual factors that should trigger enhanced scrutiny and potential SAR filing.

20 minutes

Building an AML Compliance Program

This unit provides a framework for building and maintaining an effective AML compliance program for insurance companies, including required program elements, governance structures, risk assessment methodologies, and continuous improvement processes.

20 minutes

Learning Progression

This course is designed to be taken sequentially. Earlier units establish foundational concepts that later units build upon. While you can explore units in any order, following the numbered sequence provides the most coherent learning experience.