COMPLIANCE OFFICER AND AML TEAM

Compliance Officer’s role in the company is to ensure communication with regulators, consult AML team members and report to upper management. Usually Compliance Officer is also responsible for implementation of  the AML controls and might act as Money Laundering Reporting Officer.

The Role and Responsibilities of a Compliance Officer

Compliance Officer together with the AML team is the second line of defence in the fight against money laundering and terrorist financing. In case other teams miss early signs of ML or TF, the AML team is there to analyse customer’s operations, gather additional information and documentation, and, if necessary, to report suspicious activity to local FIU.

For such responsibilities it is important to choose an experienced Compliance Officer and the AML team, therefore, you might want to assess prospect employees’ knowledge and make sure that their reputation is flawless.

We can help by:

– giving specific training to Compliance Officer and AML team on AML / CTF topic;
– finding AML Compliance personnel;
– assessing candidates’ suitability for the role.

More services:

Know Your Customer (KYC)

ML / TF Risk Assessment

Independent AML Audit and Testing

Internal Policies, Procedures and Controls

AML Training