Category:
Suspicious Transaction Report And Money Laundering Reporting Officer
The duties and responsibilities of the MLRO are to, amongst others,
- Ensure that any internal disclosures of suspicious transactions are made to him;
- Consider any information available for determining whether or not it gives rise to any knowledge or suspicion of ML/TF;
- Determine if there are grounds to submit a Suspicious Transaction Report (STR) to the FIU;
- Act as a key liaison point with the FIU and other law enforcement authorities;
- Have unrestricted access to information that may be of assistance in the discharge of his/her duties;
- File Suspicious Transactions Reports (STR) to the FIU;
- Have direct access to the board of directors of the reporting person.