MLRO Certification
Virtual Self-Paced Online Training
Cost: $449 USD
Cost: $449 USD
The MLRO Certification is a comprehensive training session focused on enhancing skills and knowledge related to Money Laundering Reporting Officer (MLRO) roles.
It aims to equip attendees with the necessary knowledge and skills to effectively fulfill MLRO responsibilities while fostering compliance, professional growth, and industry networking.
The RAW Compliance MLRO Certification is a game changer in training MLROs, offering comprehensive and practical skillsets that are essential for today's regulatory environment. Unlike traditional training programs, our certification goes beyond theory by incorporating practical exercises and real-world risk scenarios, ensuring that MLROs are not only knowledgeable but also adept at applying their skills in real-time situations.
This certification covers critical areas such as anti-money laundering regulations, compliance strategies, and risk management. It provides MLROs with the tools and methodologies needed to develop risk management scoring, conduct product training, create detailed reports, support audits, and effectively communicate with regulators. The hands-on approach of our program ensures that MLROs are well-prepared to navigate complex regulatory challenges and drive their organisation’s compliance efforts forward.
By equipping MLROs with these practical, how-to skillsets, the RAW Compliance MLRO Certification empowers them to excel in their roles, fostering strong stakeholder relationships and ensuring their organizations remain compliant with all relevant laws and regulations. This makes our certification a transformative tool for any MLRO looking to enhance their professional capabilities and make a significant impact in their field.
At the end of each part of the certification, there is a multiple choice knowledge test to assess learning progress. Certification will be awarded to participants who obtain a result of 75% or above.
It aims to equip attendees with the necessary knowledge and skills to effectively fulfill MLRO responsibilities while fostering compliance, professional growth, and industry networking.
The RAW Compliance MLRO Certification is a game changer in training MLROs, offering comprehensive and practical skillsets that are essential for today's regulatory environment. Unlike traditional training programs, our certification goes beyond theory by incorporating practical exercises and real-world risk scenarios, ensuring that MLROs are not only knowledgeable but also adept at applying their skills in real-time situations.
This certification covers critical areas such as anti-money laundering regulations, compliance strategies, and risk management. It provides MLROs with the tools and methodologies needed to develop risk management scoring, conduct product training, create detailed reports, support audits, and effectively communicate with regulators. The hands-on approach of our program ensures that MLROs are well-prepared to navigate complex regulatory challenges and drive their organisation’s compliance efforts forward.
By equipping MLROs with these practical, how-to skillsets, the RAW Compliance MLRO Certification empowers them to excel in their roles, fostering strong stakeholder relationships and ensuring their organizations remain compliant with all relevant laws and regulations. This makes our certification a transformative tool for any MLRO looking to enhance their professional capabilities and make a significant impact in their field.
At the end of each part of the certification, there is a multiple choice knowledge test to assess learning progress. Certification will be awarded to participants who obtain a result of 75% or above.
Course Contents
Part 1: The Role of an MLRO
I. Introduction
Part 2: Global Regulatory Landscape I. Regulatory Landscape
Part 3: First 90 days – upskilling in awareness of risks in your new role I. The Importance of Your First 90 Days
Part 4: AML Risk Assessment I. Identifying AML Risks
Part 5: Financial Crime Control Processes – CDD and Transaction Monitoring I. Client File Reviews
Part 6: Reviewing your Risk Controls This section provides a structured framework for MLROs to review and enhance manual and automated risk procedures and workflows. By following a systematic assessment framework and implementing improvements based on review findings, participants can strengthen their organization's risk management practices and ensure compliance with regulatory requirements- to gain valuable insights into optimizing their manual monitoring processes for better compliance outcomes. Section a: Manual Procedures I. Introduction to Manual Risk Procedures and Workflows
Section b: Automated Procedures I. Introduction to Automated Controls
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II. Understanding Automated Control Mechanisms
Section c: Assessing Your Technology Needs I. Identifying Right Technology Needs
Part 7: Financial Crime Investigations, Assurance, Inspections and Reporting I. Ongoing Reporting
II. Suspicious transaction assessment and FIU reporting
III. Annual AML Report
IV. Dealing with Audits and Regulatory Inspections
Part 8: MLRO – additional points to consider I. Crisis Management and Communication
II. Ongoing training and upskilling
Iii. Certitfication Summary
Post Certification Technology and Innovation Showcase
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*Integrity Ticket: As per our commitment at RAW Compliance to removing financial barriers to education and career progression, if you are unable to cover the course fees no matter what the circumstances, please contact us at info@rawcompliance.com.