MLCO and MLRO Roles Explained

If investigated by the SRA, would your firm be compliant with the Money Laundering Regulations 2017?

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Course Overview

As part of the Money Laundering Regulations 2017, the SRA have undertaken a review of 59 firms to ascertain how up-to-speed they are with the new machinery introduced in those Regulations. They have also published their first Risk Assessment, in reaction to the results of the Home Office and Treasury Risk Assessments, completed in December 2017. Under pressure from OPBAS and NCA they are further investigating another 400 firms.


This webinar will look at what the key roles of both the MLRO AND the MLCO should be. Note too, that despite the alternatives offered by the Regulations, the SRA expect to see both roles in most firms.


This webinar will look at the following topics:
• Wider issues – trusteeship, terrorism, cybercrime and business fraud
• MLCO role and duties explained
     o MLTFR 2017 – new roles and overlap with ‘officer responsible’
     o ‘Independent’ audit of processes
     o Review of staff
• MLRO role explained
     o PoC
     o Go-to person
     o When fee-earners need to report an ISAR
     o Investigation
     o Reports to NCA
     o Form of SAR; filing
     o Timing – and waiting
     o Supervising tipping off
• When should I be suspicious?
• Are we doing enough?

What are the requirements?

  • Watch the recorded webinar, review the supporting documentation and complete the short quiz to test your legal knowledge

Learning Outcomes

  • On completion of this course you will:
  • • Understand the role and responsibilities of the MLCO and MLRO
  • • Have the knowledge and confidence needed to assume the role of MLCO / MRLO

What is the target audience?

  • This course is suitable for practice managers, partners and compliance staff

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About Instructor - Trevor Hellawell

Trevor is a solicitor and legal training and management consultant; Until going freelance in 1999 Trevor was a full time lecturer with the University of Law, ending his career as a Principal Lecturer at the York Branch. Until recently he was Head of Law Programmes at BPP. Throughout his career, he has lectured extensively on Professional Conduct, Management skills such as Client Care, Time Management and Appraisals, Financial Services matters, including Money Laundering, as well as mainstream academic law subjects.

Course Curriculum

Recorded Webinars

  • Webinar
    00:53:40

Supporting Documentation

  • Slides
    37 Page

Quiz

  • Quiz
     

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  • Price
  • £ 100