The role of the Money Laundering Reporting Officer (MLRO) is absolutely vital in ensuring that firms remain compliant with their anti-money laundering requirements and are alert and able to respond to the risks associated with anti-money laundering.
MLROs and Heads of Financial Crime managers are under increasing pressure to retain, maintain and enhance their skills and knowledge, whilst managing risks according to a risk-based approach. This has been highlighted further by new personal accountability regulations and SMCR. With the increased number of personal fines, it is imperative that businesses and Senior Managers stay updated with new regulations and implement the correct controls and functions to prevent a breach.
This 1-day workshop has been designed to offer a comprehensive analysis of the role and responsibilities of a Money Laundering Reporting Officer. The session will examine the legislative framework and provide an update on the FCA’s current priorities. We’ll then discuss where responsibility should sit between senior management and the Money Laundering Reporting Officer themselves.
There will be a review of regulatory requirements in detail, including the FCA’s latest expectations arising from the Senior Manager Regime. Other important aspects of the role, such as the MLRO’s responsibilities when it comes to training and awareness and MI, will also be examined.
This workshop will be delivered online via Zoom.
Case Studies and Group Discussions throughout
Who should attend:
Benefits of attending:
Our courses can be delivered in-house and made bespoke to your company, business model, products and language. As your learning partner, we can help you every step of the way from engaging with multiple stakeholders and carrying out a learning needs analysis to confirming desired outcomes, solution design and delivery.
The FCA has increased its efforts to fight every aspect of financial crime and expects firms to understand where the risks lie and take ...
With continued focus from the FCA and the ever-expanding scope of the Senior Managers’ and Certification Regime (SMCR), the importance of ...
2 Day Course
Regardless of any delegation of CASS functions to third parties (offshored or outsourced), the firm remains absolutely responsible for their ...
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