Job description / Role
• Develop and maintain the firm’s Anti-Money laundering and counter-terrorist financing policy in line with evolving statutory and regulatory obligations
• Ensure that the firm’s risk management policies, risk assessment profile and their application are adequately documented
• Arrange training sessions to all the Employees of the Company and assess whether the Employees understand AML-CFT Regulations and their responsibilities under the AML-CFT Regulations, Guidelines and Policies.
• The MLRO shall have the necessary up to-date knowledge, understanding of the AML/CFT Regulations, Polices, Guidelines that are periodically updated by the Supervisory Authority and FIU, along with any Regulations that come into effect pertaining to AML/CFT.
• Reviewing all the Know Your Customer Due Diligence forms and assessing the risk rating.
• The MLRO shall report on a regular basis to the Senior Management and relevant authorities on any Compliance with applicable AML-CFT Regulations, Instructions and Guidelines; any relevant findings, recommendations, guidance, directives, resolutions, Sanctions, notices or other conclusions and how the Company has taken them into account; any internal Suspicious Activity Reports made by the Employees and action taken in respect of those reports, including the grounds for all decisions; any external Suspicious Activity Reports made and action taken in respect of those reports including the grounds for all decisions.
• It is the responsibility of MLRO to decide whether sufficient suspicion is required to generate reports on money laundering and also to disclose it to the relevant authorities properly.
• Money laundering, terrorist financing (AML / CTF), and fraud prevention
• MLRO must ensure its customers know and execute Customer Due Diligence ("CDD"). CDD is an important part of Anti-Money Laundering and Terrorism Financing ("AMLFT") requirements. Enables the person in question to know who their customers are and not to accept them except for risk appetite
• Collaborate with the Supervisory Authority and FIU, provide them with all requested data, and allow their authorized Employees to view the necessary records and documents that will allow them to perform their duties.
• A bachelor's degree in a relevant field such as finance, accounting, is typically required to become an MLRO.
• An MLRO must also have a strong understanding of AML/CTF regulations, compliance frameworks, and industry standards.
• Relevant certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner) may also be beneficial.
About the Company
A leading property developer.
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A Professional Public Accounting, Audit, Tax, And Advisory Firm
Accountant and Auditor
XB4 - CPAs & Advisors
Education First - EF