Money Laundering Reporting Officer - Mobile Wallet - Telecom

MLRO- UK based MNC in mobile wallet

Opening with UK based Teleocm MNC in mobile wallet-

Role purpose :

Appointment of MLRO is mandated by RBI under its Master Circular on Know your Customer (KYC)/ Anti Money Laundering (AML)/Combating of Financing of Terrorism (CFT)/Obligation of Banks and other entities under PMLA 2002.

MLRO ensures the :

- Implementation of the company's anti-money laundering program and counter terrorist financing operations

- Compliance with relevant Know Your Customer (KYC), anti-money laundering (AML) and counter terrorist funding (CTF) practices in the area of its operation.

- This includes compliance to all relevant Indian laws in question namely the Prevention of Money Laundering Act 2002 and Money Laundering Regulations 2003 in addition to guidelines prescribed by Reserve Bank of India (RBI) from time to time.

The other key responsibilities of MLRO is provided below :

- Disseminate regulatory / statutory licensing policies and procedures and advice business units of its impact and risk mitigation measures (if any).

- Develop training materials and coordinate anti-money laundering training in order to change the attitudes of management & staff.