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You should be aware that federal regulations require all producers writing permanent life or annuity products to complete Anti-Money Laundering(AML) training and it is required to get training on an on-going basis. All producers who completed the Anti-Money Laundering for Insurance Producers course prior to 1/1/08 are required to complete the AML renewal training. The renewal course for the 2008 Anti Money Laundering for insurance, will automatically be assigned through LIMRA and will take about 30 minutes to complete. The training needed to be completed by June 30th, 2008.

You can find access to the renewal training through the Special Protocol Assessment (SPA) under the Anti Money Laundering link or on the any anti-money laundering site. All annuity business or permanent life submitted by a producer who has not completed the renewal training but June 30th, 2008 will not be issued. The training has to be complete and in the instances, the producer should have been notified about the importance of completing the training. There will not be a paper certificate issued upon course completion. The Home Page of the AML website will automatically provide notification to your company.

For all new producers, use the following guidelines for completion of the AML training. New producers who contract to sell annuity products and permanent life insurance must complete the Anti-Money Laundering training mandated by federal law. Producers will automatically be assigned the base course – ‘Anti-Money Laundering for Insurance Producers’ and if a producer has completed the Anti-Money Laundering for Insurance Producers course, then LIMRA will assign the renewal training course. AML training can be accessed through AML, once there you will need to create a User Name using the first four letters of you last name and the last six digits of your SS number. If it is your first time to log in, your password is your last name (all lowercase). Once logged on, you will be asked to change your password.  For more information, go to Sales Professional Access and check out the Anti-Money Laundering link located on the homepage.

One form of corruption involves child labor.  Cases of this are well known to happen in the silk and garment industry in India.  Even today, the government, although enacting laws regarding this issue, they remain unable to control the situation.  This is a case of societal norms, as the caste system of India is based on just this kind of placement, of one’s specific placement on the societal scale.  The children working in these industries are basically slaves to the system, and slaves on a literal level.  Many times these children have no way out as they are basically sold to the business owners by their parents.

The children work off the “loan”, and should they leave, their families would face considerable consequences.  These children are “dalits”, considered to be the lowest form on the level of the caste system, and while they are paid from time to time a paltry sum, they are basically just slave labor.  This is an issue that complicates the development of the children into healthy adults.  They are pulled into a world that is meant for grown people, and they miss out on education, they miss out on being kids.  Statistics compiled by anti-corruption and child welfare organizations, state that in the world today, more than seventy million kids, between the ages of ten and fourteen, are being put to work in businesses all over the world.  That means that just over thirteen percent of the children living today in that age group, are in the work force.

These children are not working summer part time jobs for spending money, they are working full time in order to support their families or to pay off the debt.  They do not reap the benefits of their toil, it is given away.  This has many hazards, that are obvious such as the effects it has on the child, mentally, socially, physically, spiritually and emotionally.  Many organizations around the world work hard a combating this, such as Change.org.  This group tracks alleged cases of child labor, and serves to get the word out about companies that sell goods that were produced by children.  In boycotting these companies, they will be forced to take responsibility for their cruel actions.