Money Laundering Reporting Officer Services

Money Laundering Reporting Officers (MLROs) available to meet ever enhancing Anti Money Laundering (AML) and Customer Due Diligence (CDD) obligations.

Regulators are constantly enhancing the anti money laundering rules and in recent years these obligations for financial market businesses have expanded from purely identifying clients to carrying out due diligence checks on service providers and investee companies as well as offering regular training to staff.

MJ Hudson has a dedicated team of experienced anti money laundering reporting officers who currently act as the outsourced MLRO function for fund clients. The MLRO will ensure adequate controls are in place to identify and prevent instances of money laundering. The MLRO is the escalation point for transactions that are deemed to be potentially suspicious.
The service has been designed to lead the way in best market practice and includes:

  • Suspicious transaction reporting
  • Oversight of the AML/KYC control environment
  • Review of service provider reporting
  • Review of investee company due diligence
  • Ownership of company AML Policy document
  • Provision of annual AML training
  • Annual review of service providers
  • Review of changes in regulatory requirements
  • Liaison with regulators
  • Ultimate responsibility for all MLRO obligations

Fulfill all money laundering obligations and ensure ongoing compliance.