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MONEY LAUNDERING

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Ken Garrett.

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June 21, 2018 at 5:25 pm #459645
iza1
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Hi Mike,
Its the audit firm who has an MLRO and audit team should report any suspicions to him. What if somebody from the client wants to report a suspicion.. its basically whistle blowing right.. does he also come to mlro ?
June 22, 2018 at 12:50 pm #459710
Ken Garrett
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It would be reported internally first – ideally the audit committee if there is one. If no action is taken then it would be normal to go to the authorities (eg police). I suppose it could also be reported to the auditors’ MLRO who would be duty-bound to react.
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