The Role of the Money-Laundering Reporting Officer (MLRO)

Content

The role of the MLRO remains consistent between firms of all sizes, including a sole practitioner. It is the key role in ensuring your business is compliant with all AML regulations and protected from exposure to money laundering. 

Richard will explain how you can protect your firm, how to implement best practice and he will also explain the risks you should be looking out for. He will discuss how you can incorporate this role into your everyday work. 

Richard looks forward to discussing specific queries or questions on the day. 

The talk will cover:

• What is an MLRO?
• Key facts about the MLRO
• Key features of the MLRO
• AML structures
• Core goals
• What if you’re a sole practitioner? 
• Reviewing the role of the MLRO
  
  

Duration

1 hour (1 non-verifiable CPD unit)

Speaker

Richard Simms, Managing Director of AMLCC, is both a professional regulated under the anti-money laundering regulations and a leading authority on anti-money laundering compliance, risk management and education. Since 2007 when AML regulation for accountants was introduced in the UK, as both a chartered accountant and an insolvency practitioner, Richard has seen first-hand the challenges of implementing effective AML processes. Working with UK regulators and supervisors, Richard used his unique professional insights to create AMLCC (Anti-Money Laundering Compliance Company Limited) in 2008 to make AML easier for regulated businesses worldwide.