Duties and Responsibilities of the Guernsey MLRO & MLCO
Time & Location
About the Event
Introduction
This training details the roles and responsibilities of the MLRO and the MLCO within the Guernsey Financial Services Industry. The session will provide you with a thorough understanding of duties to be undertaken to enhance the application of the anti-money laundering regime.
Topics
GFSC Regulatory Requirements
Responsibilities of Senior Management and the Board of Directors
The Financial Action Task Force (FATF)
PEPs and Sanctions
AML – where to draw the line / dealing with difficult situations
Money Laundering Risk Assessments
Case Studies
Course Benefits
After attending the course, participants will:
Have the ability to explain the roles and responsibilities of the MLRO & MLCO
Be equipped to comply with statutory & regulatory obligations in relation to the role of MLRO & MLCO
Understand the money laundering and reporting regime
Have gained confidence in dealing with Suspicious Transactions and Activity Reports (STRs/SARs) including consent requests
Assist in the development of a firm’s Money Laundering Risk Assessments