FIAU: Guidance Note on the Money Laundering Reporting Officer

The Financial Intelligence Analysis Unit (FIAU) has recently published a guidance note on the role of the Money Laundering Reporting Officer (MLRO). This guidance note covers a number of areas which address common issues and queries that arise in relation to this role.

This document is made available to all subject persons to strengthen the understanding of the MLRO's role and the related regulatory obligations. It covers the following 5 areas:

  1. Independence & Autonomy
  2. Conflicts of Interest
  3. Outsourcing, Secondment & Employment
  4. Knowledge, Skills & Expertise
  5. Personal Liability
  6. Record Keeping

It is advisable that this document is not consulted as a standalone, but together with the PMLFTR and the applicable Implementing Procedures, including any sector specific Implementing Procedures that may contain directions on the MLRO. 

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FIAU: Guidance note on MLRO

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