Recognising Excellence brings you this helpful article from the team at PDA Legal that describes the responsibilities of an MLRO, the regular reporting that they should be conducting and the benefits of frequent internal reporting.
The SRA expects regular internal reporting to be taking place in all legal practices, and especially those conducing work within the scope of the money laundering regulations. This article lifts the lid on this critical aspect of the work of the MLRO.
https://pda-legal.co.uk/articles/mlro-reporting-requirement
And, Lexcel firms will find it useful for requirements; 1.1, 5.1, 5.13 and 5.18.