MLRO Support

The ML Regulations 2007 bring more onerous responsibilities to the firm, including

• Requirement to perform full client due diligence procedures, that is risk assessment, know your client and identity verification on all clients pre 1 March 2004.
• Staff training on a regular basis
• Specific systems and procedures on a risk sensitive basis for PEP and sanctions listings.
• Systems to respond to FIU enquiries
• Mandatory risk assessment of all clients

As the MLRO, the personal liability is on you to ensure that your firm’s obligations under the Regulations are met and then demonstrate this to a monitoring body. Civil penalties can be unlimited for poor compliance.

For a small annual fee of £195+VAT you will get support for many of the compliance issues that arise this can be given via e-mail or telephone. For you support package you will receive;-

• Policy and Procedures manual updated as necessary
• Step 1-2-3 training guide for yourself and staff
• Telephone/e-mail support for technical queries you may have
• FREE 7 x CallML reports for client verification
• FREE 3 x Company credit and information reports for company verification
• Help in registering for SAR's onlineand reporting issues

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