MLRO Development Programme

About This Event

Modules

1. Introduction and MLRO Responsibilities

Summary: This module introduces the foundational responsibilities of the MLRO and outlines the key responsibilities in the role.

Tasks:

·  Understanding legal obligations and specific MLRO responsibilities.

·  Clarifying the role of the MLRO within your organisation.

2. Understanding the Market and Associated Risks

Summary: Gain insights into the gambling industry and its unique risk features within the context of ML/TF.

Tasks:

·  Identifying market-specific AML risks.

·  Understanding how these risks apply to different operators.

3. The Business Risk Assessment

Summary: Learn how to develop and implement a risk-based approach to AML, incorporating your ML/TF risk factors.

Tasks:

·  Conducting a thorough business risk assessment.

·  Creating a BRA in line with AML/CTF requirements.

4. Day-to-Day Role and Responsibilities of an MLRO and Deputy

Summary: Explore the practical aspects of the MLRO and Deputy MLRO in managing compliance and internal reporting.

Tasks:

·  Overseeing SARs processes, ongoing monitoring, and internal escalation.

·  Maintaining effective record keeping.

5. MLRO Annual Report

Summary: Understand how to prepare and present the MLRO’s annual report, ensuring clear communication with the board.

Tasks:

·  Gathering data for the annual report.

·  Presenting performance, enforcement, and risk findings.

6. Customer Due Diligence Process Map

Summary: Learn how to establish and manage a comprehensive customer due diligence framework including Know Your Customer (KYC) and Enhanced Due Diligence (EDD).

Tasks:

·  Designing CDD and KYC workflows.

·  Embedding effective onboarding and monitoring processes.

7. Final Assessment

Summary: This final assignment ties together all skills and insights throughout the programme.

Tasks:

·  Completion of practical and theoretical assessment.

·  Review of case studies and real world scenarios.