Professional Outsourced MLRO Services

Every business subject to AML/CFT regulations in the UAE must appoint a Money Laundering Reporting Officer (MLRO) responsible for overseeing the compliance program, monitoring transactions, and filing suspicious activity reports. For many small and medium-sized enterprises, hiring a full-time MLRO is neither practical nor cost-effective.

Flyingolour Compliance offers outsourced MLRO services, providing you with a dedicated, experienced compliance professional who acts as your MLRO on a part-time or retainer basis, ensuring all regulatory obligations are met without the overhead of a full-time hire.

What Does an MLRO Do?

The Money Laundering Reporting Officer is a critical compliance function responsible for:

• Overseeing the implementation and operation of the AML/CFT framework
• Conducting ongoing transaction monitoring and customer due diligence reviews
• Investigating suspicious activities and determining whether to file STRs/SARs
• Serving as the primary point of contact with the FIU and regulatory authorities
• Maintaining compliance records and documentation
• Providing AML/CFT training and guidance to staff
• Preparing compliance reports for senior management and the board
• Keeping abreast of regulatory changes and updating policies accordingly

Our Outsourced MLRO Service

When you engage Flyingolour Compliance as your outsourced MLRO, you receive comprehensive compliance support tailored to your business needs and risk profile.