The SRA has published some helpful guidance for new Money Laundering Compliance Officers (MLCOs) and Money Laundering Reporting Officers (MLROs) covering the requirements and duties of the two roles as set out in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
The guide is intended to apply to those taking up the role whether in a new firm or taking over from an established MLCO and/or MLRO and includes checklists for the first day, first week, first month and first year in the role(s).
