MLRO

Our client is currently seeking an experienced Money Laundering Reporting Officer (MLRO) to join their team.

Key Responsibilities

• Oversee and manage the daily implementation and monitoring of AML riskbased procedures.
• Ensure full compliance with all applicable legal and regulatory obligations, and disseminate AML policies, procedures, and risk assessments across the organization.
• Promote awareness and understanding of AML obligations among employees through regular training and clear communication.
• Provide staff with clear guidance on identifying and reporting suspicious activities to the MLRO.
• Clearly communicate the procedures in place to help employees understand their obligations under the Money Laundering Regulations.
• Review, assess, and approve the onboarding of politically exposed persons (PEPs).
• Monitor and enforce adherence to AML processes.
• Log and evaluate internal Suspicious Activity Reports (SARs) and determine the appropriate course of action, including whether to terminate the relationship or escalate to the Financial Intelligence Unit (FIU).
• Submit external reports to law enforcement or regulatory bodies when necessary, providing supporting information and reasoning for any suspicions raised.
• Request consent from the FIU where required, ensuring all transactions are legally compliant.
• Maintain detailed records of all decisions made in response to suspicious activities, including the rationale for taking or not taking specific actions.
• Serve as the primary point of contact with all relevant authorities, including gaming regulators, police, financial institutions, insolvency agencies, and legal representatives.
• Operate independently and objectively, without undue influence from senior management when necessary.
• Manage the staff AML training program and maintain a comprehensive employee training log.
• Conduct risk assessments of the company’s compliance systems and practices.
• Perform regular random transaction reviews and assess supporting documentation.
• Evaluate risks related to new products against existing AML policies and procedures.
• Review external SARs and Data Protection Assessments (DPAs) for emerging trends and patterns.
• Compile and present an annual report to the group board on the effectiveness and development of AML policies and procedures.

• Requirements

  • A university degree in Law, Economics, Finance, Administration, or a related field.
  • A minimum of 3 years of relevant experience in a compliance or AML role within the iGaming industry.
  • Strong understanding of Maltese regulations pertaining to payments and financial institutions.
  • Indepth knowledge of local laws, directives, and regulations related to AML, KYC, virtual assets, and evolving iGaming compliance standards.
  • Excellent command of the English language, both written and spoken.