Course description
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, and nearly 70% said their main challenge was the volume of work.
This virtual classroom session with Joanna Morris will take a more in depth look at the report with additional guidance and best practice on the role. It will look at why the ICAEW conducted the review, the role of the MLRO and what the legal requirements are, the challenges that the MLRO faces, and more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
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!
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...