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 valuable tips and resources can help you understand your obligations.Anti-Fraud
The state(s) in which you hold an insurance license may require that you complete additional training on anti-fraud and financial exploitation. This training will help you identify red flags that may indicate a person is being victimized.

  • For example, the state of Connecticut, pursuant to Public Act 15-236 requires producers participate in mandatory training to detect elder fraud, exploitation and/or financial abuse.

As states move to adopt this new requirement, we recommend that you complete the training as soon as possible. Remember, it is your obligation to know the requirements of your Athene contract, as well as the laws and regulations of any state in which you conduct business.

Anti-Money Laundering
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 covered financial institutions to 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 captures beneficial ownership information on all trusts, corporations, limited liability corporations, and partnerships. And, at a minimum, will obtain the following information for each beneficial owner:

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

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