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.