An Introduction to the Role of MLRO & MLCO - Day One Starts Here

Introduction

So, you have volunteered (or been chosen) for the role of MLRO and/or MLCO.

What happens next? What should you be doing?

It can be daunting taking on any new role but more so with such an important position as MLRO/MLCO. It will take time and preparation to get to grips with the role and make it your own, so it crucial that you take a minute and figure out what you need to put in place before you begin.

This virtual classroom seminar will start right from the very beginning in terms of what you need to do from day one in the role.

Essential for new MLRO/MLCOs, this session will examine the guidance provided by the regulators and will offer advice on how to use this information in practice.

What You Will Learn

This live and interactive session will cover many aspects of the roles including the following:

• Setting the scene
• The obligations under the MLR 2017 and Proceeds of Crime Act 2002
• What is an AML Officer? The roles and responsibilities of the MLRO and MLCO including:
• Who should it be?
• What are the responsibilities of these officers?
• Where can I get help?
• Day one! Where do I start?
• Should it be me?
• What’s the first thing I need to do?
• Where do I get my information from?
• What training do I need?
• Who can help me?
• The journey
• Documentation
• Policies and procedures
• Training
• Reporting to the NCA
• Summary - first day, week, month, and year

Quick Quiz - Test Your Knowledge: Money Laundering

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.