ACLI has developed online resources to assist insurance companies in complying with new regulations, issued by the U.S. Department of the Treasury, requiring life insurers to establish anti-money laundering (AML) programs and to integrate their agents and brokers into these programs. Insurers must comply with the regulations on May 2, 2006. Available resources include:

• What Insurance Agents and Brokers Should Expect Under the New Anti-Money Laundering Regulations for Life Insurance Companies: Briefly describes money laundering and terrorist financing and the ways in which the insurance industry might be used to engage in such activities. Also provides an introduction to the requirements imposed by Treasury and ways to integrate agents and brokers into AML programs.
• Recommended Core Elements of an AML Training Program for Life Insurance Agents and Brokers: Provides recommendations concerning the subjects that should be covered in AML training programs for agents and brokers. It will assist compliance officers, agents and brokers, and vendors in identifying training programs that will comply with the regulations.