The challenges faced by the MLRO in a small AML regulated firm

11/05/21 • 45 min

With smaller firms needing to prioritise growth but suffering from squeezed resources, this makes life a challenge for MLROs especially if their senior management do not understand the risks themselves..

Brought to you by Project Financial Crime, this podcast episode discusses AML obligations of EMIs and APIs and what the role is for these firms in relation to their agents.
The session will also explore the challenges of filing suspicious activity reports (SARs), the current landscape of AML, (including recent prosecutions brought against financial institutions), and what the government is doing to bring in more corporate liability to prevent further fraud and financial crime.

Speakers include:

Jane Jee, Director - Jee Associates and Director - The Hilda Project (Moderator)
Claire Pratt, Compliance lead MLRO, Tred
Mark Simpson, Partner, Baker McKenzie
Richard Spink, Sales Director, GBG Plc

Find out more about The Payments Association via our website www.thepaymentsassociation.org or follow us on social media.

Speakers include:

Jane Jee, Director - Jee Associates and Director - The Hilda Project (Moderator)
Claire Pratt, Compliance lead MLRO, Tred
Mark Simpson, Partner, Baker McKenzie
Richard Spink, Sales Director, GBG Plc

Find out more about The Payments Association via our website www.thepaymentsassociation.org or follow us on social media.

Previous Episode

VRP Part 2: Where are we on this revolutionary open banking payments journey?

What are the key opportunities and challenges facing payments professionals as they strive to embrace open banking?

Supported by The Payment Associations Project Knowledge Partner, Discover Global Network, join a panel of experts as they discuss the role of Variable Recurring Payments (VRPs), where it sits within open banking and newly mandated rules from the CMA.

Panel includes:

Fliss Berridge, Director and Co-Founder, Ordo
Huw Davies, Co-Founder and CCO, Ozone API
Jack Wilson, Head of Policy and Regulatory Affairs, Truelayer
Tom Greenwood, Chief Executive Officer, Volt
Gary Prince, Chief Strategy Officer and Vice Chairman, SimplyPayMe

Find out more about The Payments Association via our website www.thepaymentsassociation.org or follow us on social media.

Next Episode

BNPL Regulation: What's on the horizon?

Our newest podcast episode brought to you by Project Regulator will explore how widespread Buy now pay later (BNPL) is in the UK and whether it is a viable market.
Tune in to hear our expert speakers discuss what technology is used for BNPL, why it has grown so much and how it differs to your traditional payday lender. Our speakers go beyond this to discuss whether BNPL provides an answer to the lack of affordable credit options in the market, the threats it poses to consumers, and how it should be regulated.
Speakers include:
Alison Donnelly - Director of fscom (moderator)
Mitch Trehan - UK Head of Compliance and MLRO at Banking Circle
Daniel Jones - Special Counsel at Baker Botts
Manish Garg - Founder & CEO of Banksly
Petru Metzger – Head of Payments Delivery at Endava

Find out more about The Payments Association via our website www.thepaymentsassociation.org or follow us on social media.