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Casey, an agent for a large multi-line insurance company, wants to direct his AML compliance focus on those products that present the greatest risk. This focus would include all of the following products EXCEPT:________.
a. personal liability insurance
b. whole life insurance
c. deferred annuities
d. universal life insurance

Sagot :

Martebiidn

FinCEN regulations often  impose AML compliance program requirements and SAR obligations on insurance companies. This focus would include all of the following products EXCEPT  personal liability insurance.

Insurance Rules

The insurance regulations is known to apply only to insurance companies. The the insurance company is held accountable for the conduct and effectiveness of its AML compliance program.

The purposes of an AML compliance program, includes:

  • A permanent life insurance policy.
  • Any annuity contract,
  • Any insurance product with features of cash value or investment etc.

Learn more about Insurance from

https://brainly.com/question/25855858

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