This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the Series 6 Exam.
In this episode you will learn:
- The three stages of money laundering: placement, layering, and integration.
- Key requirements of a Customer Identification Program (CIP) and Know Your Customer (KYC) rules.
- The specific rules for filing a Suspicious Activity Report (SAR), including the $5,000 threshold and 30-day deadline.
- How to identify the prohibited practice of churning through excessive trading to generate commissions.
- The difference between authorized trading and unauthorized trading, and the requirement for written discretionary authority.
For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
![[Series 6] 30, Anti-Money Laundering and Ethics](https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg)