Anti Money Laundering Training for MLRO

Anti-Money Laundering (AML) training for a Money Laundering Reporting Officer (MLRO) is a critical requirement for businesses operating in regulated sectors, especially financial services, payment institutions, fintechs, and remittance providers. The role of an MLRO is central to a firm’s AML framework, acting as the focal point for all anti-money laundering activities, internal reports, and communication with regulatory authorities such as the Financial Conduct Authority (FCA) or equivalent bodies in other jurisdictions.

AML training for MLROs is more than a compliance exercise—it is essential for maintaining the integrity and reputation of a business. The training is designed to equip the MLRO with the knowledge, skills, and tools necessary to identify, assess, and respond to suspicious activities and financial crime risks effectively. It typically covers core areas such as:

• Understanding Money Laundering and Terrorist Financing: Including typologies, stages (placement, layering, integration), and global threats.

• Regulatory and Legal Frameworks: Covering the UK Proceeds of Crime Act (POCA), Money Laundering Regulations 2017 (as amended), and relevant EU and FATF guidelines.

• Internal Controls and Risk-Based Approach: How to establish proportionate AML policies, risk assessments, and client due diligence processes.

• Suspicious Activity Reporting (SARs): The procedures for receiving internal disclosures, evaluating them, and filing external reports to the National Crime Agency (NCA) or other relevant bodies.

• Role and Responsibilities of the MLRO: Governance, accountability, senior management engagement, and how to demonstrate a strong compliance culture.

An effective MLRO training program also incorporates case studies, practical scenarios, and regulatory updates to keep the officer informed of emerging risks and expectations. It reinforces the importance of acting independently, maintaining confidentiality, and having the authority to escalate issues within the firm or to external agencies.

For firms seeking FCA registration or EMI authorisation, having a suitably trained and experienced MLRO is a key condition. Regulators assess whether the MLRO has the competence and capability to fulfil their duties effectively. Ongoing CPD (Continuing Professional Development) is also expected to ensure knowledge remains current.

At Eminent, our MLRO training sessions are tailored to your firm’s regulatory environment and risk profile. We provide practical guidance to help MLROs manage their obligations confidently, ensuring your firm stays compliant, vigilant, and ready to prevent financial crime.