Job Description

• The Money Laundering Reporting Officer (MLRO) is a designated position responsible for ensuring that ACE Money Transfer is fully compliant with local and international money laundering, counter terrorist financing and other financial crimes laws/regulations.
• The MLRO will draft and issue policies, guidelines and procedures related to the anti-money laundering, anti-bribery, counter-terrorist financing and other compliance related areas.
• MRLO will be responsible for providing regular reports, on a formalized basis, or as soon as made aware if considered necessary, covering all aspects of money laundering or financing of terrorism.
• MLRO is responsible for advising on issues regarding money laundering and terrorist financing along with ensuring sufficient education of management and employees within the approved policy framework.
• MLRO will also ensure that company regulations, procedures and controls are up to date and adhered to, conduct anti-money laundering compliance risk assessments, monitor periodical compliance audits by the Compliance team and regularly review and improve control policies and procedures where necessary.
• The MLRO will be responsible for receiving Suspicious Activity Reports (SARs) from Compliance and other teams and, where considered necessary, make appropriate disclosures to local FIUs.
• MLRO will be coordinating with local regulatory bodies and will also coordinate and facilitate visits by regulatory bodies at any ACE location.
• Ensuring that the Company is effective in both preventing and reporting attempted Terrorist Financing and Money Laundering activity.
• Ensuring the retention of all records regarding enquiries received from law enforcement authorities and records relating to SARs.
• Providing training, support and advice to staff on all aspects of anti-money laundering, anti-bribery, counter-terrorist financing, fraud and other financial crimes along with adherence to AML/CTF regulations, company policies and the methods to avoid risks.
• The MLRO will report directly to the Board of Directors and work in close liaison with other departmental heads and legal/corporate advisors of the company. He/she also performs such other functions as may be assigned by the CEO/BOD.

ACE Money Transfer