Money Laundering Reporting Officer

This topic has 5 replies, 3 voices, and was last updated 12 years ago by MikeLittle.

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March 8, 2014 at 8:55 pm #161813
hasanali95
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Hi sir,
Where is the MLRO found,is he/she in the audit firm or at the client?
March 9, 2014 at 6:30 pm #161928
MikeLittle
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I have no practical experience of this, but I believe the MLRO is at the client. However, it would make sense if there were also an MLRO at the audit firm too

Ok?
March 13, 2014 at 4:13 pm #162250
marky123
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The Money Laundering Reporting Officer is the person responsible in the Audit firm that you must report actual or suspected instances of Money Laundering whilst auditing a client.

In my firm for example – it is the senior partner.

Hope this helps!
March 13, 2014 at 6:35 pm #162305
MikeLittle
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Thanks Marky. Still, it would be a good idea to have one in all the companies too!
March 14, 2014 at 4:29 pm #162367
hasanali95
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Thanks sir and Marky 🙂
March 14, 2014 at 6:50 pm #162376
MikeLittle
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You’re welcome (Marky, please don’t reply otherwise it looks like there’s another question on the frum and I shall waste time seeing that it’s just you saying “you’re welcome”!)
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