Money Laundering Reporting Officer

Maltese registered license holders are legally bound to appoint a Money Laundering Reporting Officer (MLRO). While the ultimate responsibility for anti-money laundering procedures fall under the realm of the Board of Directors, the MLRO is responsible for submitting reports to the Financial Intelligence Analysis Unit (FIAU) should there be suspicion of unlawful transactions taking place irrespective of whether such transactions are executed or not. This requires that the MLRO be familiar with Know Your Customer (KYC) procedures and ensures that staff are familiar with these and also current with anti-money laundering regulations. Through its technically trained and professional team, CDF Company Services Ltd is able to provide the service of MLRO to its clients, offering peace of mind that current regulations are adequately adhered to without hindering business operations and ensuring the company’s good reputation remains such.