SECURITIES INDUSTRY ESSENTIALS EXAM COVERS ANTI-MONEY LAUNDERING, SO BE PREPARED

The Securities Industry Essentials (SIE) exam covers anti-money laundering, and the topic is found in FINRA's Content Outline in Section 3.2.3.

Please take a look at this Content Outline because it lists all the subtopics under Anti-Money Laundering (AML) that you should study.

For example, the Content Outline lists the stages of AML: structuring, layering and placement. You should know the meaning of each of these stages, and have examples in mind.

Bob Eder's SIE manual, Study for the Securities Industry Exam, has full treatment of AML on pages 258-259. 

Here is Bob Eder's definition of layering, one of the three AML stages:

Layering

"In this stage criminals try to transfer monies from one legitimate account to another, so as to make tracing difficult. Examples are the purchase of financial assets, like stocks and bonds; moving monies from one account to another; moving monies from one company to another, where the companies are under common control."

Here is the link to FINRA's Content Outline for the SIE exam. See the references to Anti-Money Laundering in FINRA's Content Outline, section 3.2.3.

Study for the Securities Industry Essentials (SIE) Exam is available from Amazon in both paperback and Kindle e-book versions. 

Here is the link to Bob Eder's book on Amazon.

See Bob Eder's Author Page on Amazon.com.

For questions about Bob Eder's SIE manual, Study for the Securities Industry Essentials (SIE) Exam, or questions in general about the SIE exam, such as Anti-Money Laundering, feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001.