Specialist anti-money laundering service FCS Compliance is beginning its latest series of AML webinars designed for Rightmove members.
What you need to know about being a money laundering reporting officer takes place at 10am on Wednesday February 16 and will be led by Malcolm Driscoll, lead compliance consultant at FCS Compliance.
“Appointing a Money Laundering Reporting Officer is a legal requirement of all estate agents who fall within the money laundering regulations. However all too often the role is regarded glibly as an admin one, when the reality is that this is a position that lies at the heart of a company’s AML obligations.
“The MLRO is central to supporting staff and the company in AML Compliance with a particular responsibility to reporting suspicious activity to the relevant authority. The position carries with it huge responsibility and could make the difference between a business being AML compliant or not; the latter having potential for criminal or regulatory liability and punishment.”
February’s webinar, which is free to Rightmove members, will look at the specific tasks expected of an MLRO to ensure that they are fully prepared when they take on the role.
It will cover the responsibilities of a nominated compliance officer, the skills required to be an effective MLRO, identifying and understanding the risks, and Suspicious Activity Reporting and the National Crime Agency.
Attending agents will also have the opportunity to share comments and pose questions directly to Driscoll, who has a 40 year career in police and security.
Rightmove members can register here.