Money Laundering Regulations 2017—nominated officer—annual AML and counter terrorist financing report to the board, senior management team or other

The following Risk & Compliance precedent provides comprehensive and up to date legal information covering:

  • Money Laundering Regulations 2017—nominated officer—annual AML and counter terrorist financing report to the board, senior management team or other
  • 1 General information
  • 2 Action points arising from last nominated officer report
  • 3 Executive summary
  • 4 Report
  • 5 Conclusions and recommendations

Money Laundering Regulations 2017—nominated officer—annual AML and counter terrorist financing report to the board, senior management team or other

    1. 1

      General information

      Date of this report[Insert date]
      Date of last report[Insert date]
      Name of person submitting report[Insert name]
    1. 2

      Action points arising from last nominated officer report

      Action pointPerson responsibleStatus
      [Action point][Identify person responsible for this action point (may or may not be the nominated officer)][Status]
      [Action point][Identify person responsible for this action point (may or may not be the nominated officer)][Status]
      [Action point][Identify person responsible for this action point (may or may not be the nominated officer)][Status]
    1. 3

      Executive summary

      This report sets out the following matters:

      1. 3.1

        governance arrangements—see section 4.1;

      1. 3.2

        summary of business operations—see section 4.2;

      1. 3.3

        report on operation of AML and counter-terrorist financing (CTF) systems and controls—see section 4.3;

        conclusions and recommendations—see section 5.

    1. 4

      Report

      1. 4.1

        Governance

        1. 4.1.1

          Board-level money laundering compliance officer (MLCO)—details, functions and resources

          1. (a)

            Details

            Name[Insert]
            [Duration or date of appointment][[If you rotate the MLCO role around several individuals, state when the current MLCO was appointed and when their appointment is expected to expire.]]
          1. (b)

            Functions and resources

            The MLCO is the [insert status in a way that denotes board-level or equivalent seniority, eg board member] appointed as the officer responsible for our compliance with the MLR 2017.

            [The MLCO delegates day-to-day responsibility for

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