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The ICAEW Thematic Review - Understanding the Role of the MLRO

The ICAEW Thematic Review - Understanding the Role of the MLRO

Session

25 Mar 2024

11:00 AM

1:00 PM

With a SmartPlan £144

With a Season Ticket £160

Standard price £320

All prices exclude VAT
Level
Update: Requires no prior subject knowledge
CPD
2 hours
Group bookings
email us to discuss discounts for 5+ delegates

Introduction

The ICAEW have released their 2023 thematic review report on understanding the role of the MLRO.

Based on a review of 240 firms, their MLROs were contacted and asked to answer some detailed questions about the role. The facts and figures have been collated and make for some interesting reading.

  • Only 1 out of the 240 MLROs does not perform client facing work
  • Most MLROs spend less than 20% of their time on their MLRO responsibilities
  • Nearly 70% said their main challenge was the volume of work
  • Only 53% of the MLROs have registered to use the NCA SAR online portal

This virtual classroom session will take a more in depth look at the report with additional guidance and best practice on the role.

What You Will Learn

This live and interactive course will cover the following:

  • Why the ICAEW conducted the review
  • What is the role of the MLRO and what are the legal requirements
  • The challenges that the MLRO face:
    • Time
    • Capacity
    • Resources
    • Keeping up to date
  • Regulatory compliance and the report of SARs
  • Emerging themes and risks
  • Where to get help!

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.