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ECSH32536 | Roles and responsibilities - Role of a compliance officer

From HM Revenue & Customs · Economic Crime Supervision Handbook

In addition to the responsibilities of a caseworker, the role of a compliance officer includes:

  • Undertaking a range of interventions to businesses supervised under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) through face-to-face visits and desk-based interventions following a risk-based approach (see ECSH32600).

  • Considering the degree of compliance with MLR 2017, evaluating and testing the credibility of policies, controls and procedures, books and records or information obtained at visits to registered businesses.

  • Ensuring that caseloads are processed within the required deadlines.

  • Evaluating and testing the credibility of a business and its compliance with MLR 2017, maintaining a clear audit trail on all Economic Crime-Supervision (EC-S) systems.

  • Supporting businesses to become compliant with their obligations under MLR 2017 and associated legislation.