You’ve done all the heavy lifting as an MLRO. Your crack sales squad has collected reams of CDD information. Your compliance team has risk assessed your client and run all the checks. You have a squeaky clean client, all that’s left to do is step out of the way and let business happen.
Except, the money launderers, the real deal crims, can run rings round transaction monitoring systems. Whether it is manual or automated, real-time or post-event don’t get caught out by overreliance on transaction monitoring that is inadequate or inappropriate for your business. Please allow FSCOm's AML expert, Michael Southgate, to take you through the detailed assessment and tests needed to ensure your transaction system is as effective as it must be. Sign up for the fourth of our MLRO Masterclass breakfasts, in the heart of Shoreditch.