In order to effectively use the Money Laundering module, it is advisable that you setup the reporting channels and task setup in the Account Settings. The Master User will have the functionality to do this.
Begin by clicking Account Settings.
Navigate to Office Information.
You will find a section titled Money Laundering Reporting Officer. This is where you can setup your MLRO information in the system. To assign an MLRO in the system, use the MLRO User drop down and click the relevant user from the list.
Once selected, click +Add MLRO to confirm the appointment.
If a second user is added, they will be automatically setup as the Deputy. This can be a useful structure for the module as it means suspicions can be vetted by the Deputy rather than being immediately escalated to the MLRO. This will be explained further when detailing the Task Setup options.
Now that the MLRO information has been added, navigate to Tasks Setup.
Select Money Laundering.
You will find a number of task options available for this module. The drop-down menu for Allow ML Reporting/ Decision Tasks to be assigned to will allow for task assignee options to be set within the module. This is particularly useful for end users as it will help to identify who suspicions should be escalated to.
Now that the Office Information for the MLRO role has been set, you can choose for these tasks to be assigned to either the MRLO & Deputies, just the MLRO or any Supervisors for the module.
The most appropriate option will be dependent on how your firm is structured and assignee options should reflect your current reporting streams as closely as possible.
Once you’ve selected who Decision Tasks should be assigned to, click Save to action this in the system.
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