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

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

From Open Exam Prep by Ran Chen, EA, CFP®

June 7, 2026 · 4 min

About this episode

This episode covers Anti-Money Laundering regulations and protections for seniors in financial transactions.

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…

People in this episode

Host: Ran Chen

Topics covered

  • Anti-Money Laundering
  • Senior Protection
  • Currency Transaction Report
  • Suspicious Activity Report
  • Client Protection
  • Financial Regulations

Keywords

  • Anti-Money Laundering
  • Senior Protection
  • Currency Transaction Report
  • Suspicious Activity Report
  • financial regulations
  • trusted contact
  • temporary hold

Mentioned in this episode

Organizations: Open Exam Prep

Places: United States

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