Duration: 1 Day
Location: City of London
Upcoming Dates: 23 Jan 2020 , 25 Feb 2020 , 11 Mar 2020 , 29 Apr 2020 , 19 May 2020 , 17 Jun 2020
This one-day course provides a comprehensive overview of the role and responsibilities of a Money-Laundering Reporting Officer (MLRO) within a regulated firm. It is particularly suitable for newly appointed, or aspiring, MLROs as well as Deputy MLROs and others with responsibility for their firm’s AML controls. The course outlines the...
This one-day course provides a comprehensive overview of the role and responsibilities of a Money-Laundering Reporting Officer (MLRO) within a regulated firm. It is particularly suitable for newly appointed, or aspiring, MLROs as well as Deputy MLROs and others with responsibility for their firm’s AML controls.
The course outlines the legislative framework, and explores the split of responsibilities between the firm’s senior management and the MLRO. Participants will gain an understanding of how to develop a money-laundering risk assessment as well as the practicalities of managing the firm’s suspicious activity reporting arrangements, with particular reference to the consent regime and lessons to be learnt from recent enforcement cases.
In addition, the course will provide an update on the regulator’s current priorities and areas of interest. Other key role requirements such as training and awareness responsibilities and the provision of management information, including the regulatory requirement for an annual report to senior management, will also be addressed.
Who is this for?
This course is suitable for MLROs, Deputy and Assistant MLROs, Chief Executive Officers, Internal Auditors, Compliance Officers and those involved in reviewing or relying on the effectiveness of the MLRO.
- The Legal Framework
- The Individual and the Position
- Record Keeping
- JMLSG Guidance
- The Money Laundering Regulations 2017
- Risk-Based Approach
- Customer Risk Assessment & Customer Due Diligence
- Suspicious Activity Reports (SARs)
- The Law Enforcement Investigation
- Use of National and International Findings
- Training, Awareness and Competence
- Ongoing Monitoring
- The “Annual” MLRO Report
After attending this course, participants will be able to:
- Explain the nature of the Money Laundering Reporting Officer (MLRO) roles and responsibilities
- Comply with all statutory and regulatory obligations relating to the MLRO role
- Deal with Suspicious Activity Reports (SARs) and consent requests
- Assess the adequacy and effectiveness of the firm’s AML/CTF regime
- Provide an adequate 'annual' report to Senior Management