The Role of the MLRO

The Role of the MLRO

This 1-day workshop is designed to be a comprehensive analysis of the role and responsibilities of a Money Laundering Reporting Officer. This practical one-day session delivered by Fourthline is particularly suitable for newly appointed, or aspiring, MLROs as well as Deputy MLROs and others with responsibility for their firm’s AML controls.

MLRO’s and Heads of Financial Crime 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 workshop 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.

We'll provide an update on the FCA’s current priorities and present a detailed review of regulatory requirements, including details of the very latest from the FCA on the regulatory expectations under the Senior Manager Regime, which will provide participants with a detailed understanding of how these laws and regulations apply to operational activity and the role and responsibilities of the MLRO and Nominated Officer.

Other key role requirements such as training and awareness responsibilities and MI (including the regulatory requirement for an annual report to senior management) will also be addressed.

Benefits of attending:

• 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

In-house training options

Bespoke - we work with you to develop and deliver bespoke training courses to meet all your objectives. We develop the course and reference materials which can be delivered on a rolling basis or as a unique event, depending on your requirements.

Tailored – If one of our courses already meets the majority of your needs, but requires specific tailoring for a particular group of employees, we can tailor the material and delivery to ensure all the learning outcomes are met.

Standard – your requirements are already met by one of our courses, but you would prefer the course to be run in-house for a number of people.