Financial Crime & the MLRO

This module is defined by 3 units:

Unit 1: Financial Crime

Unit 2: Money Laundering

Unit 3: What does it look like in practice?

• Explain what financial crime and why is it important in the context of financial advisory firms.
• Outline the three main steps of money laundering and obtain a better understanding of the various regulations around anti-money laundering.
• Describe the importance and functions of senior managers and explain the importance and duties of a Money Laundering Reporting Officer (MLRO).
• Detail the role of the MLRO annual report and describe what a report should look like.
• Feel comfortable with identifying suspicious activity and reporting this to a MLRO.
• Explain what a Suspicious Activity Report (SAR) would look like, what it should detail and where to submit it.
• Undersand the importance of failing to report any money laundering suspicions.
• Outline the steps of verifying identity and the documents needed.