MLRO Services
We provide outsourced MLRO and Compliance Officer services to various sectors of business establishments.
TFLC provides MLRO functions to ensure the clients get the level of expertise required without the financial burden of a full-time resource, which is sometimes not needed given the size and complexity of the operation.
We provide outsourced MLRO and Compliance Officer services to various sectors of business establishments. DNFBPs and regulated activity companies are required to register a Compliance Officer and Money Laundering Reporting Officer (“MLRO”) with the respective regulator and on the GO AML Portal. These roles can be combined and held by one individual, but that individual must be appropriately qualified and/or have sufficient experience and gravitas.
- Do you have a person who is qualified enough to take on the role of the Compliance Officer and MLRO?
- Do you require a full-time resource?
- Is your compliance function independent enough from the business?
- Does your compliance function have specific regional knowledge and expertise?
- Have you conducted risk assessment of your business?
- Do you require an independent review of the business and its operations?
Our team has the relevant skills and experience to be an effective and constructive Compliance Officer and MLRO for your organisation. Our consultants will complete your team, working alongside you to ensure that your firm complies with all relevant regulatory requirements.
There are some key considerations when reviewing your current compliance and AML arrangements or planning for a new firm with a new team, including: