Money Laundering Reporting Officer (MLRO)

Job description / Role

The Money Laundering Reporting Officer (MLRO) is responsible for overseeing the company’s compliance with UAE’s anti-money laundering (AML) laws and regulations. The MLRO will ensure that the company implements and maintains a robust AML framework and procedures to mitigate the risk of money laundering and terrorist financing

• Manage and maintain an effective AML compliance program that complies with all applicable laws and regulations.
• Conduct risk assessments to identify potential areas of vulnerability and risk; develop risk mitigation strategies.
• Train and educate staff on AML regulations and the company’s policies and procedures.
• Serve as the point of contact for all AML matters and liaise with regulatory bodies and law enforcement agencies.
• Review and approve due diligence checks on clients and transactions, ensuring thorough documentation and compliance.
• Monitor compliance of all AML procedures and policies through regular audits and reviews.
• Report suspicious activities to the relevant authorities in a timely and confidential manner.
• Keep abreast of new laws, regulations, and developments in the field of AML, adapting the compliance program as necessary.

Requirements

• Proven experience as an MLRO or in a similar compliance role within the real estate sector.
• Strong understanding of UAE’s AML regulations and international compliance standards.
• Excellent organizational and leadership skills.
• High level of integrity and professional ethics.
• Excellent communication skills, both verbal and written.
• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Professional certification in AML/CFT (e.g., CAMS, CFCS) is highly preferred.
• TBC

About the Company

Chestertons is a global real estate services firm with more than 46 offices in 16 countries, operating across the UK, Europe, Asia Pacific, Caribbean, Middle East and North Africa.

We provide expert advice on the purchase, sale and leasing of all types of commercial and residential real estate, including management of property portfolios, valuations and appraisals, as well as capital market advice to help clients to develop viable strategic opportunities from their real estate portfolios.

Are you interested in becoming a new member of the Chestertons Global Network? Join our Global Network and use our brand and expertise to grow your business globally.