MLRO Duties

The Money Laundering Reporting Office (MLRO) can play a critical role within designated person entities especially with respect to the reporting of suspicious transactions and activity. Sometimes the MLRO may be expected to establish, implement, and monitor an effective AML/CFT system and is given the responsibilities of the AML Compliance Officer. Alternatively, a designated person may have an AML Compliance Officer in place or a PCF52 – Head of Anti-Money Laundering and Counter-Terrorist Financing in addition to or encapsulating the role of the MLRO. In many respects it is not the title that is most important but the role and responsibilities attaching to it.

This half day course has been created to allow attendees to gain a better understanding of the role(s) of the MLRO/AML Compliance Officer/PCF52 and the relevant legal requirements while delving into practical points to consider.