Money Laundering Reporting Officer. Senior role responsible for AML/CFT reporting and suspicious activity escalation.
The MLRO (Money Laundering Reporting Officer) is a mandated senior function inside regulated financial and virtual asset firms, responsible for anti-money laundering and counter-terrorist financing controls, filing suspicious activity reports with the relevant Financial Intelligence Unit, and acting as the primary AML contact for regulators. In Dubai, VARA-licensed issuers and virtual asset service providers must appoint a UAE-resident MLRO alongside a Compliance Officer, and the role is a recurring line item in the operating cost of both VARA and DFSA-licensed firms.
FATF-aligned obligation requiring VASPs to share originator and beneficiary information for crypto-asset transfers.
Financial Action Task Force, the inter-governmental body setting global anti-money-laundering and counter-terrorist-financing standards.
Anti-Money Laundering, the body of law and controls aimed at preventing the integration of illicit funds into the financial system.
Know Your Customer, the customer identification and verification process underpinning AML compliance.