Roles of Money Laundering Reporting Officer MLRO (AML CFT)

Nowadays the demand for Money laundering Reporting Officers (MLRO), is on an increasing trend. Organizations, companies, and institutions hire MLROs on very attractive packages, and they hire them on high designations because MLROs are subject matter experts for AML/CFT Compliances.

The MLROs, also known as Nominated Officers are in demand in nearly all jurisdictions and countries, including the United States, European countries, United Kingdom, Asian Countries, Canada, Australia, Singapore, Middle East, Malaysia, etc. 

The question here is, why are MLROs in so much demand? 

Without MLRO, the organization or a company faces a higher level of risk of non-compliance in the AML/CFT domain.

This is mainly because the regulatory requirements, to prevent Money Laundering (ML) and Terrorist Financing (TF) activities and assess the ML/TF risks are key challenges being faced by organizations, companies, and institutions, including banks, MSBs, Payment Gateways, DNFBPs, Electronic Money Companies, Money Exchange Companies, Remittance Companies, etc. 

MLROs may help in avoiding or lowering the significance of potential penalties, which are faced due to AML/CFT non-compliances. 

But here are some Important Questions For You.

1. Do you know, Who actually is an MLRO, and what are the key broader expectations of the Regulator, Board of Directors, and Management from MLRO?   

2. Do you want to become a Money Laundering Reporting Officer (MLRO) in your career and want to enhance your knowledge about the broader roles of MLRO?

3. Do you want to work in the AML/CFT domain of a reputable company, institution, or organization?

 4. Do you want to learn about some very important AML/CFT-related concepts, which an MLRO, Compliance Officer, AML Officer, AML Analyst, and Anti-Financial Crime Specialist should know,   

If the answer to any of the above questions is yes, then this course is for you.

ABOUT THIS COURSE:

THE APPOINTMENT OF MLRO IS ONE OF THE IMPORTANT AML/CFT REGULATORY REQUIREMENTS, TO ENSURE AML/CFT COMPLIANCE.

The roles and responsibilities of MLROs depend, on case to case basis and organization-to-organization. This course will provide you with the knowledge and understanding of broader MLRO roles and key areas of AML/CFT requirements.   

In this course, you will learn various important topics and related concepts, including:

• Money Laundering and Money Laundering Activities with Examples,

• Anti-Money Laundering (AML), 

• Need for Strong AML Monitoring in an Organization with Example,

• Institutions are more Exposed to Money laundering,

• Who is MLRO / Is an MLRO Same as a Compliance Officer, 

• Roles and responsibilities / Job Description of MLRO,

• High-Risk and Low-Risk factors for consideration of MLRO,

• Risk-Based Transaction Monitoring by MLRO and Example,

• Suspicious Transactions and Suspicious Transaction Reporting (STR) / Suspicious Activity Reporting (SAR) by MLROs

• Elements of Screening Process and Example,

• AML/CFT Training and Reporting Requirements including Currency Transaction Reporting,

• Good Transaction Monitoring and Bad Transaction Monitoring examples being performed by MLRO, 

• Multiple Choice Questions (MCQs) are also part of this course to test your knowledge gained through this course.

Other Benefits of Attending This Course:

• On completion of this course, you will get a certificate of course completion, which shall enhance your job profile,

• Get lifetime access and a certificate of completion of this course.

Who Should Attend This Course:

• Compliance professionals, including AML Analysts, CFT Analysts, AML Heads, Anti-Financial Crime Specialists

• Money Laundering Reporting Officers – MLROs or Newly appointed MLROs or Deputy Money laundering Reporting Officers (DMLROs)

• Bankers,

• Professionals working in MSBs, Payment Gateway Companies, Money Exchange Companies, Remittance companies, etc. 

• Financial Intelligence Unit (FIU) professionals,

• Branch Managers / Operations Managers,

• Risk Managers,

• Risk Management Consultants,

• Internal Auditors,

• CAMS students,

• Others who want to learn AML / CFT monitoring requirements.

Who this course is for:

• Compliance professionals, Anti-Financial Crime Specialists
• AML Analysts, CFT Analysts,
• Bankers, Investment Banker, Brokerage Houses, Real Estate Agents, Insurance Professionals, Auditors
• Compliance and AML CFT Students – CAMS and others
• Compliance Risk Management Professionals
• Internal Auditors
• Others who want to learn AML CFT Compliance