MLRO Certification
March 18th - May 6th
11am - 2pm GMT
Early Bird Offer: $449 USD
11am - 2pm GMT
Early Bird Offer: $449 USD
The MLRO Certification is a comprehensive training session focused on enhancing skills and knowledge related to Money Laundering Reporting Officer (MLRO) roles in the UK financial sector.It aims to equip attendees with the necessary knowledge and skills to effectively fulfill MLRO responsibilities while fostering compliance, professional growth, and industry networking.
At the end of the training, there will be a knowledge test. Certification will be awarded to participants who obtain a result of 75% or above.
At the end of the training, there will be a knowledge test. Certification will be awarded to participants who obtain a result of 75% or above.
Course Contents
Part 1: The Role of an MLRO - March 21st
I. Introduction
Part 2: Global Regulatory Landscape I. Regulatory Landscape
II. Regulatory Forecast
Part 3: First 90 days – upskilling in awareness of risks in your new role - March 25th I. The Importance of Your First 90 Days
II. Focus on Senior Executive Interactions
Part 4: AML Risk Assessment - March 25th I. Identifying AML Risks
II. AML Risk Assessment Process
Part 5: Financial Crime Control Processes – CDD and Transaction Monitoring - April 22nd I. Client File Reviews
II. Transaction Monitoring
Part 6: Reviewing your Risk Controls - April 29th I. Reviewing Effectiveness of Manual Procedures and Workflows
II. Introduction to Manual Risk Procedures and Workflows
III. Understanding Key Risk Procedures
IV. Assessment Framework
V. Review Process
VI. Identifying Gaps and Areas for Improvement
VII. Implementing Enhancements
VIII. Monitoring and Continuous Improvement
IX. Reviewing automation – Reviewing the Effectiveness of Automated Controls The objective of this training session is to equip compliance officers with the knowledge and skills necessary to effectively review automated controls. Participants will learn strategies for assessing the performance, reliability, and efficiency of automated controls to ensure regulatory compliance and mitigate risk. This training overview provides a structured approach for compliance officers to review and enhance automated controls. By following a systematic assessment framework and implementing improvements based on review findings, participants can strengthen their organization's compliance posture and mitigate regulatory risks effectively. 1. Introduction to Automated Controls
2. Understanding Automated Control Mechanisms
|
3. Assessment Framework
4. Review Process
5. Testing and Validation
6. Identifying Weaknesses and Areas for Improvement
7. Enhancement Strategies
8. Monitoring and Continuous Improvement
X. Identifying Right Technology Needs
Part 7: Financial Crime Investigations, Assurance, Inspections and Reporting - May 6th I. Ongoing Reporting
II. Suspicious transaction assessment and FIU reporting
III. Annual AML Report
IV. Dealing with Audits and Regulatory Inspections
Part 8: MLRO – additional points to consider - May 6th I. Crisis Management and Communication
II. Ongoing training and upskilling
III. Q&A Session
IV. Closing Remarks
Post Certification I. Extended Networking Opportunities
II. Technology and Innovation Showcase
|
*Integrity Ticket: As per our commitment at RAW Compliance to removing financial barriers to education and career progression, if you are unable to cover the course fees no matter what the circumstances, please contact us at info@rawcompliance.com.