The ABCs of the Banking and Insurance Business: AML, KYC, the NAIC, IFRS, and More

This course provides an in-depth exploration of the banking and insurance industries, covering their core operations, regulatory environments, and key challenges. In banking, it delves into topics such as net interest margins, asset-liability matching, and risk management, while also examining the rise of shadow banking and the roles of major regulators. The insurance segment covers various types of insurance products, company operations, and the importance of investments in the industry. Throughout the course, there's a strong focus on compliance, including anti-money laundering (AML) practices, Know Your Customer (KYC) procedures, and key regulations affecting both sectors.

Learning objectives
Explain the basic operations and functions of banks, including how they generate revenue and manage risks.
Analyze the various types of insurance products and how different insurers (life, health, property and casualty) operate.
Apply knowledge of anti-money laundering (AML) and Know Your Customer (KYC) procedures in banking and insurance contexts.
Evaluate the roles of key regulatory bodies and major regulations in the banking and insurance industries.
Understand the intersection of securities and insurance products, including the processes and considerations in selling annuities.