Money Laundering Regulations 2017—nominated officer job description and role profile

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  • Money Laundering Regulations 2017—nominated officer job description and role profile

Money Laundering Regulations 2017—nominated officer job description and role profile

    1. 1

      Nominated officer details

      Name of organisation[Insert name]
      Name of nominated officer[Insert name]
      Reports to[Insert name]
      Full time/part time☐ Full time
      ☐ Part time
      Details of any other roles held within the organisation[Insert details]
      Date appointed by the organisation[Insert date]
    1. 2

      Role summary

      1. 2.1

        [To act as the nominated officer [and board-level officer responsible for compliance] appointed in accordance with the Money Laundering Regulations 2017 (MLR 2017) for [name of organisation].

      1. 2.2

        To receive and review internal suspicious activity reports (SARs) and determine whether they give rise to knowledge or suspicion (or reasonable grounds for knowledge or suspicion) that a person is engaged in money laundering or terrorist financing.

      1. 2.3

        To decide whether to report suspicious activity to the National Crime Agency (NCA), to make external SARs where necessary and be the main point of contact with the NCA.

      1. 2.4

        To ensure systems and controls are in place to enable the organisation, including its managers and employees, to comply with their obligations under:

        1. 2.4.1

          the Proceeds of Crime Act 2002 (POCA 2002);

        1. 2.4.2

          the MLR 2017;

        1. 2.4.3

          the Terrorism Act 2000 (TA 2000);

        1. 2.4.4

          [the Bribery Act 2010 (BA 2010);]

        1. 2.4.5

          [property and mortgage fraud prevention requirements;]

        1. 2.4.6

          [the sanctions regime;]

        1. 2.4.7

          [the Criminal Finances Act 2017 in relation to preventing the facilitation of tax evasion;]

        1. 2.4.8

          [the Serious Crime Act 2015 (SCA 2015) in relation to organised

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