Stay Alert with Athene’s Financial Crime Programs

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Our goal is to provide valuable information on an ongoing basis that can help in your efforts to prevent, detect and combat financial crime. These resources can help you understand your obligations.

Anti-Fraud: 

Tech support scams are a type of fraud where someone claims to offer legitimate technical support. The perpetrators of this scam may claim there is a serious problem with a client’s computer, such as a virus, to gain access and obtain information.

The Federal Trade Commission (FTC) advises that tech support scammers may …

  • Call and pretend to be a computer technician from a well-known company and say they have found a problem with a client’s computer.
  • Use pop-up warnings that appear on the computer screen alerting clients to a false security issue. The warning will include a phone number to call and get help.
  • Try to get their websites to show up in online search results for tech support.
  • Request remote access to the client’s computer to review cookies and obtain knowledge about the companies or financial institutions the client does business with. This method allows scammers to …
    • Impersonate the client to change passwords and takeover an account. Or,
    • Advise clients that their funds are at risk and need to transfer those funds to an account that has already been compromised.

The FTC also advises that …

  • Legitimate tech companies will never initiate contact by phone, email or text message to advise there is a problem with a computer.
  • Security pop-up warnings from real tech companies will never ask you to call a phone number or click on a link.

If you suspect you or a client may have been a victim of a Social Security-related scam, please contact the Compliance Department at AMLFraudReferral@athene.com

For additional information go to FTC.gov.

Anti-Money Laundering (AML): 

The Customer Due Diligence (CDD) Rule, which amends the Bank Secrecy Act regulations, aims to improve financial transparency and uncover any illicit activities to prevent gains from being laundered. 

The CDD Rule requires that covered financial institutions identify and verify the identity of any natural persons (known as beneficial owners) of legal entity customers who own, control, and profit from companies when accounts are opened. Financial institutions are also required to identify and verify the identity of any individual who owns 25 percent or more of a legal entity or controls a legal entity.

Athene retains beneficial ownership information on all trusts, corporations, limited liability corporations, and partnerships. At a minimum, we will also obtain the following information for each beneficial owner: 

  • Name
  • Date of birth
  • Address (physical address)
  • Identification number

For additional guidance, please refer to the Doing Business with Athene Producer Guide and the Company Rules on Anti-Money Laundering.

We’re here to help! If you suspect a financial crime, please contact us for assistance: