Roles of Money Laundering Reporting Officer MLRO (AML CFT)

Roles of Money Laundering Reporting Officer MLRO (AML CFT) free download

AML/CFT Compliance and Roles of Money Laundering Reporting Officer (MLRO)

Hello, and welcome.

In this course, we will learn the Roles of 'Money Laundering Reporting Officer (MLRO)'. We will learn key AML Compliance areas that MLROs must know and understand. Various Practical Case Studies are also included as part of this course, to provide you with practical knoweldge of how MLROs think, work, and perform their duties.

Before discussing the Course Topics, below are SOME IMPORTANT QUESTIONS FOR YOU? 

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

2. Are you pursuing a career in the AML Compliance domain and do you want to learn about the key responsibilities of the Money Laundering Reporting Officer (MLRO)?

3. Do you know what are the common Digital or Online Fraud trends including Cryptocurrency Money Laundering that MLROs should identify and prevent?

4. Do you want to know the broader and key AML Compliance interview questions that MLROs should understand to appropriately answer? 

5. Do you want to learn about important AML/CFT requirements related to the MLRO, such as appointment & accountability of MLRO, Reporting, and Hierarchy of MLRO in financial institutions?

6. Do you know the "5 KEY REASONS OF AML FINES" that MLROs of Financial Institutions such as Banks, MSBs, Payment gateways, Money Exchanges, etc. must understand and address? 

7. Do you know how MLRO performs AML Risk reviews, and Dveleops 'AML Risks Heat Maps' and 'Action Plans'

The above broader questions are addressed in this course for you.

ABOUT THIS COURSE:

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

• Money Laundering, 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 an MLRO / Is an MLRO the 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,

• Different Digital or Online fraud types that MLRO should understand, identify, and prevent,

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

• 5 Key and Essential Elements of Suspicious Activity to consider in SAR

• Example - Suspicious Activity Identification

• Hierarchy and Position of MLRO in Financial Institutions,

• Core requirements to hire the MLRO, 

• 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,

• Accountability of MLRO,

• Internal Reporting by MLRO,

• Digital Frauds that are committed by Fraudsters or money launderers that MLROs must understand and prevent,

• Frauds committed by Crypto Money Launderers that MLROs must understand and prevent,

• 5 Key Reasons for Significant AML Fines by Regulatory Authorities that MLRO must address,

  
  

CASE STUDIES

• Investigation - 7 Steps MLRO follows to investigate a Suspicious Transaction,

• Case Studies - SAR and Coverage of 5 Key Suspicious Activity Elements

• Case Study - MLRO performing AML Risks Reviews, Developing AML Risks 'Heat Map' and 'AML Risks Action Plan'

DOWNLOADABLE RESOURCE

- You can download and use the Anti-Money Laundering AML 'Risks Heat Map' and 'Action Plan' Templates developed in MS Excel. These templates can be practically used by you.

MULTIPLE CHOICE QUESTIONS (MCQs)

• 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, AML auditors, CDD/KYC auditors

• CAMS and Compliance students,

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