Heads of compliance and MLRO applicant competency and capability
22/02/22
What do authorised firms need to know?
Authorised and registered firms should have heads of compliance and money laundering reporting officers (MLROs) who are suitably competent and capable of effectively performing the roles. Firms should carefully consider how individuals can demonstrate this ahead of seeking regulatory approval.
Firms should review the following content areas (link in the comments) to help determine if an individual candidate is suitable:
1. Training
2. Experience
3. Support from third parties
4. Capacity
If you're a firm that needs support setting up the above functions and ensuring individuals in your business are suitably competent and capable of effectively performing the roles - get in touch with us today on 01274 921234.
https://www.productpartnerships.com/contact-us/