The MLRO’s annual report to the partners or directors on the effectiveness of the firm’s AML systems – risk, CDD, reporting, training, monitoring results, law changes and an action plan – with a board approval record.
Accountancy practice – compliance & management
MLRO Annual Report to Senior Management
About this document
A structured annual report from the MLRO to senior management. It evidences that senior management oversee the firm’s AML systems (regulations 19 and 21), that the firm-wide risk assessment and policies have been reviewed, and that weaknesses are tracked to completion. Supervisors, including ACCA, review the MLRO’s oversight on monitoring visits.
The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.
Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.
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Accountancy practice – compliance & management
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Editable Microsoft Word files
Guidance notes in every document
Written for UK businesses
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