Anti-Money Laundering · glossary
The crime of not reporting laundering that you know of or suspect, or should have suspected, from your work. The longest sentence is 5 years. Telling the MLRO as soon as you can meets your duty. Matter Opening Checklist, paragraph 2 · Chapter 1 · see MLRO, Suspicion
Explained in Chapter 1, What Anti-Money Laundering Means in a Law Firm, of Anti-Money Laundering.
Julian is the firm’s money laundering reporting officer (MLRO). The firm’s checklist turns the duty to report into one rule for every member of staff.Read Chapter 1, What Anti-Money Laundering Means in a Law Firm →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Anti-Money Laundering and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Anti-Money Laundering → · All terms A–Z →