Skip to Content
Whole SectionText only Print Print Manager Link


Subject to Paragraph FC-4.1.2, however, the position of MLRO may otherwise be combined with other functions in the conventional bank licenseeG , such as that of Compliance Officer, in cases where the volume and geographical spread of the business is limited and, therefore, the demands of the function are not likely to require a full time resource. Paragraph FC-4.1.6 requires that the MLRO is a DirectorG or employee of the licenseeG , so the function may not be outsourced to a third party employee.

October 07
(1 Version)
Oct 1 2007 onwards
Back to top