[Series 65] 75, Anti-Money Laundering and Senior Protection

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The difference between a Currency Transaction Report (CTR) for cash transactions over $10,000 and a Suspicious Activity Report (SAR) for suspicious activity of $5,000 or more. - The absolute prohibition against "tipping off" a client that a SAR has been filed on their account. - The definition of a "specified adult" as someone over 65, or over 18 with a reasonably believed impairment. - That firms must make a reasonable effort to obtain a trusted contact person, but clients are not required to provide one. - The rules for placing a temporary hold on disbursements for suspected senior exploitation: an initial 15 business days, with a potential 10-business-day extension if reported to authorities. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep