Money Laundering Reporting Officer (MLRO)

Blaze is a top-tier online casino platform dedicated to providing fair, engaging, and innovative gaming experiences. We are committed to regulatory compliance and maintaining the highest standards of integrity in our games.

The MLRO is responsible for the effective management of the company's day-to-day operation of the AML risk-based procedures. This role ensures the company's full compliance with all applicable national and international AML laws, regulations, and industry best practices relevant to the iGaming sector. The MLRO will act autonomously, if necessary, without reference to or influence from management.

Key Responsibilities

• Responsible for the supervision, delivery, and monitoring of the day-to-day operation of the AML risk-based procedures;
• Ensure compliance with all relevant legal and regulatory obligations and disseminate all AML policies, procedures, and risk assessments;
• Promote employees’ awareness and training of their AML obligations ;
• Give employees clear guidance on spotting suspicious activity and reporting it to the MLRO;
• Explain clearly the steps the business has taken to make sure employees know where to go for more help or information about the Money Laundering Regulations;
• Review, assess, and provide approval for establishing the business relationship with a PEP;
• Monitoring compliance of AML processes;
• Log and evaluate internal SARs and decide whether to continue or terminate the relationship or report to the FIU;
• Make external reports to law enforcement as necessary, giving reasons for the suspicion and background information;
• When necessary, request consent from the FIU to ensure that no transactions are continued illegally;
• Record decisions made with reasoning why action or no action was taken concerning any suspicious activities or transactions;
• Act as the main point of contact with all relevant authorities, dealing with both formal and informal requests for additional information (including gaming regulators, police, financial institutions, insolvency agencies, and other legal parties);
• Act autonomously, if necessary, without reference to or influence from management;
• Responsible for staff training programme and ensuring there is an employee training log;
• Conduct risk assessments on the company’s compliance systems;
• Undertake regular random analysis of transactions, including assessment of documentary evidence held on our members;
• Assess new product risks against current AML policies and procedures;
• Review of all external SARs and DPAs for trends associated;
• Compile an annual report covering the operation and effectiveness of the policies and procedures (including new policy developments) to combat money laundering. This report will be presented to the group board.

Requirements

• University Decree in Law, Economics, Finance, Administration, or related field.
• At least 3 years of directly related experience in a compliance/AML role in the iGaming industry.
• Good knowledge of Maltese regulations regarding payments, financial institutions.
• Good knowledge of local laws, directives,
• Regulations and otherwise standards applicable to AML, KYC, virtual assets, and knowledge of upcoming regulations on the iGaming environment
• Advanced in English

Benefits

• Remote work
• Competitive salary and benefits.
• A collaborative environment focused on innovation and compliance.
• Opportunities for professional growth in a fast-paced industry.
• The chance to work on high-impact projects with cutting-edge technologies.

Originally posted on Himalayas