MLRO Support

The ML Regulations 2007 bring more onerous responsibilities to the firm, including

• Requirement to perform full client due diligence procedures, that is risk assessment, know your client and identity verification on all clients pre 1 March 2004.
• Staff training on a regular basis
• Specific systems and procedures on a risk sensitive basis for PEP and sanctions listings.
• Systems to respond to FIU enquiries
• Mandatory risk assessment of all clients

As the MLRO, the personal liability is on you to ensure that your firm’s obligations under the Regulations are met and then demonstrate this to a monitoring body.

For a small annual fee of £199+VAT or by monthly payments of £20+VAT per-month, support for many of the compliance issues that arise can be given via e-mail.  You will be entitled to e-mail us up to 4 queries per-month.  More complex issues can be dealt with on a report by report basis.