Report only to the MLRO
Report only to the MLRO
If you have any concerns that either your client or any third party is engaged in money laundering, you must share your suspicions with the MLRO or other appropriate person – but no one else!
Remember, it can be an offence to fail to report your suspicions – and it can also be a tipping off offence to discuss your suspicions with anyone other than the appropriate reporting authority in our organisation.
So, stay alert and be sure to report any suspicions.
