Role of a Money Laundering Reporting Officer

Role of a Money Laundering Reporting Officer

A firm’s Money Laundering Reporting Officer, or MLRO, acts as the focal point for all activity within the firm relating to anti-money laundering. In this video, Jodie looks at the role and duties of the MLRO, the personal accountabilities attached to the role, as well as the regulatory and legal requirements they must adhere to. 
Overview

The Money Laundering Reporting Officer is a crucial role within financial firms. As with other senior management function roles, the MLRO is not only accountable to their firm, but also to the regulators and law enforcement.

Key learning objectives:

  • What is the role of the MLRO?

  • What are the FCA accountabilities of the role?

  • What are the responsibilities under Proceeds of Crime Act 2002?

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Summary
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Expert
Jodie Toporowski

Jodie Toporowski

Jodie Toporowski is an experienced Head of Compliance with a demonstrated history of working in the financial services industry. She is well versed in the areas relating to financial regulation, data protection and commercial contracts. She is also a strong legal professional with regulatory enforcement background. Jodie is currently the Head of Compliance at Hyundai Capital UK and has been at this role since 2017.

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