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Compliance Officers Playbook

The MLRO in the Digital Finance Age

02 Jan 2025

Description

This podcast episode of The Compliance Officers Playbook discusses the changing role of the Money Laundering Reporting Officer (MLRO) in the digital finance era. The increasing use of digital currencies and technologies presents new challenges for MLROs, including the anonymity afforded by some platforms and the sheer volume of data to process. The episode highlights the need for MLROs to understand digital finance, leverage technology like AI and machine learning for enhanced monitoring, and adapt to evolving regulations. Staying informed, utilising technology, collaborating within the organisation, and remaining agile are key to success. The podcast ultimately advises MLROs to embrace technological advancements and regulatory changes to effectively combat financial crime.

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