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Sep 23, 2017
Compliance News
 
DOL Fiduciary Rule Update and AML Training Now Available
 
No Delay for DOL Fiduciary Rule

The Department of Labor announced there will be no delay in the June 9 applicability date of the Fiduciary Rule. Additionally, the DOL clarified the Rule will apply beginning at 11:59 p.m. on June 9.  


Visit our DOL webpage  to find updated information about the Rule and how it affects your annuity sales. 



Refresher Anti-Money Laundering Training now available:

The LIMRA 2017 Anti-Money Laundering refresher course, Preventing Money Laundering – Anti-Money Laundering for Insurance Review is now available at https://aml.limra.com. This course takes approximately 20 minutes to complete and must be completed by December 31, 2017 in order to avoid delays in new business processing and commission payments. Refer to the training instructions for additional details.

If you complete this training through an approved provider other than LIMRA, you can fax us the certification of completion at 513-412-5144.

Approved providers include: American Family; Cetera Financial Group; FINRA; Voya (formerly ING); John Hancock; Kaplan Financial; Lincoln Investment Planning; National Planning; Quest CE; Reg Ed; SWBC Investment Service; Web CE; Wells Fargo

If you have questions regarding the training, please call Contracting and Licensing at 800-438-3398 (select option 3, then option 2).