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 SIE Exam.
In this episode you will learn:
- Learn the key differences between the Bank Secrecy Act and the USA PATRIOT Act.
- Understand the distinction between the Customer Identification Program (CIP) and Know Your Customer (KYC).
- Identify when a Currency Transaction Report (CTR) must be filed for cash transactions.
- Recognize activities, like structuring, that would trigger a Suspicious Activity Report (SAR).
- Learn a simple mnemonic to remember the difference between a CTR and a SAR.
For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
![[SIE] 56, Anti-Money Laundering (AML)](https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg)