Episode Details

This podcast episode of "The Compliance Officers Playbook" focuses on the crucial role of the Money Laundering Reporting Officer (MLRO) in navigating the complex legal landscape of anti-money laundering (AML) regulations. It highlights the severe personal and organisational consequences of non-compliance, explaining key regulatory frameworks like FATF recommendations, EU AML Directives, the US Bank Secrecy Act, and the UK's Proceeds of Crime Act. The episode details MLRO reporting obligations, the importance of preventative AML programs, and the potential for personal liability. Finally, it offers practical advice for MLROs on staying updated, implementing robust systems, fostering a culture of compliance, and providing ongoing staff training.