Job Title: (Position Filled) Money Laundering Reporting Officer
Salary: £50K
Location: Midlands
Job Purpose
The position of Money Laundering Reporting Officer (“Nominated Officer and “MLRO”) is responsible for the preparation and implementation of policies, procedures and processes associated with the prevention of money laundering and terrorist financing and Suspicious Activity Reporting (“SAR”) regime as required by the UK Money Laundering Regulations, Proceeds of Crime and Terrorism legislation and The Gambling Commission Licence Conditions and Codes of Practice (“LCCP”)
Main Responsibilities
To provide a full range of compliance / AML related support services including advice, guidance, mentoring of staff together with robust monitoring and subsequent reporting to Directors
To maintain appropriate documentation of risk management policies and risk profile in relation to Money Laundering and Financial Crime
Ensuring that all AML, CTF, KYC, CDD and EDD processes are thoroughly risk assessed and implemented as required by the Money Laundering Regulations, and Gambling Commission Guidance Notes relating to the Prevention of Money Laundering and Terrorist Financing for casinos
Ensure that the company CDD and EDD measures and ongoing monitoring regime is sufficiently robust to identify customers who may be considered to be a higher risk or who have been identified as being politically exposed persons and conduct enhanced due diligence checks as required by law using a risk proportionate approach
Manage the SAR regime and ensure that all internal suspicious activity reports (“internal SAR’s”) are reviewed in a timely manner and reports submitted to the National Crime Agency (“NCA”) as required by law and the LCCP
Keeping up to date with all relevant legislation and ensuring changes are incorporated within company policies and procedures
Regulatory compliance to ensure that the business complies with relevant legislation, rules and guidance
Monitoring the application of all procedures and responding to financial crime and regulatory compliance related enquiries by enhancing the current AML program.
This role will be solely focussed on implementing all relevant legislation to ensure internal policies are compliant, effective and adequate
AML compliance reporting
Reviewing of deposits, and withdrawals, payment methods and payment activity
Reviewing of customer's gameplay to ensure compliance with company trigger events
Conducting weekly meetings with site management, in order to audit site implementation of AML policies and procedures
Ensure that records are kept and maintained as required by law and the LCCP to meet general and regulatory requirements
Occasional site visits for audit purposes
Producing all relevant AML reports, ensuring key stakeholders are kept up to date
Taking appropriate actions in line with legislative requirements in relations to SAR’s
Ensuring that relevant data bases are kept up to date and relevant
TO FIND OUT MORE AND/OR TO APPLY PLEASE SEND A COPY OF YOUR CV TO STEVEN@GRS-RECRUIT.COM