WFG EI

Anti-Money-Laundering

Problem registering
WFG requires all licensed (whether mutual funds, RESP Scholarship Plans or insurance) to complete an Anti-Money Laundering (AML) course every two years. Failure to complete the course (and successfully pass the quiz) within 30 days of your annual license renewal (or annual anniversary of your renewal date) may result in the withholding of commissions.

The course has 2 versions: a free (non CE credit) version and a fee version that includes receiving 10 CE credits.


Course Title: Anti-Money-Laundering
add_to_cart.gif10 CE Credits Course & examadd_to_cart.gifadd_to_cart.gif
add_to_cart.gifFree version with no CE creditsadd_to_cart.gifadd_to_cart.gif or add_to_cart.gif
BC CE Credits: 10.0 hours
Alberta CE Credits: 10.0 hours - Life
10.0 hours - A&S
SK CE Credits: 10.0 hours
MB CE Credits: 10.0 hours
ON CE Credits: 10.0 hours
QC CE Credits: 0 hour
CFP™ 10.0 verifiable
Details: Anti-Money Laundering (AML) is an important topic that everyone in the financial industry must be familiar with. Money-laundering is a process whereby criminal and/or terrorist groups process money received from illegal or terrorist activities through the financial system in an effort to hide or mask the original source of the monies. Money-laundering has significant costs for the economy, the financial companies that provide legitimate products and services and for the financial professionals that work in the industry.

This course provides a comprehensive overview of the money laundering process and details the methods used by money launderers, the effects of money laundering, who is vulnerable, and the measures that can and must be taken to help prevent the occurrence of money laundering.

You will learn about the role of:
  • Insiders
  • Structuring (smurfing) the funds
  • Credit and debit cards
  • Underground banking

The Financial Analysis and Transaction Reporting Center (FINTRAC), has developed guidelines for what types of activities must be reported and how they are to be reported. The guidelines covering suspicious transactions, transaction reports, and compliance are conveniently summarized within the course.

Both interesting and informative, this course presents a good introduction for those new to the financial industry and an excellent refresher for those that are experienced in the industry and require a refresher on AML.

64-question exam; 60% mark required to pass

faq

AML Registration Help


If you have NOT ordered any products from WFGEI (e.g., LLQP, Validate, CE, Leverage), please do the following:

  1. Navigate to tab of the course you wish to enroll in/purchase on www.wfgei.com
  2. On Checking Your Registration Status page, click the link "New User"
  3. Enter your information to register
  4. On Shopping Cart page, click Checkout. Depending on your choice (free or priced version) you will be transferred to either "Thank you" or Payment page
  5. You will receive a password by email. Your agent/producer code will be your username.

For existing users, please do the following:

  1. If you are logged in, log out
  2. Navigate to tab of the course you wish to enroll in/purchase on www.wfgei.com
  3. On Checking Your Registration Status page, login with your username (agent/producer code) and password, if you cannot remember your password, click the link "Forgot Password"
  4. On Shopping Cart page, click Checkout
  5. Depending on your choice (free or priced version) you will be transferred to either "Thank you" or Payment page
  6. Your existing password will be used to login, and your agent/producer code will be your username.
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