MLRO
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Regulation 21 Independent AML Audit: More Than a Regulatory Requirement
Following on from my recent blog on the evolving role of the MLRO, I realised I overlooked one critical component: the independent AML audit. The more I considered it, the clearer it became that this is not a supporting detail but something that deserves attention in its own right. Under Regulation 21 of the Money…
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MLRO: From Compliance Gatekeeper to Cultural Architect
The role of the Money Laundering Reporting Officer at a law firm often remains an additional task. It is a thankless, burdensome responsibility tacked onto an already busy fee-earning role. Historically, it was viewed as a “back-office” necessity; a hat to be worn only when a problem arose. Today, that dynamic has shifted. As regulatory…