Irish legislation imposes a requirement on Funds/Financial Services Companies to maintain policies and procedures for the prevention of money laundering. The Board of Directors has the responsibility for ensuring that the administrator’s systems and controls address the requirements of both the legislation and guidance notes and that includes the appointment of an appropriate person to act as the Money Laundering Reporting Officer ("MLRO").

Maples Finance Dublin has extended its product offering and now offers a dedicated MLRO consulting team specialising in this area with significant expertise in assisting clients in relation to their anti-money laundering obligations. Drawing on the extensive experience and expertise of our staff, Maples Finance can provide nominated senior individuals responsible for assuming the primary duties of the MLRO.

The MLRO will, on appointment, act as the primary contact for the Fund, receiving reports on suspicious activity and anti-money laundering issues. They will also review suspicious activity and report to the Garda Síochána and Revenue Commission, if applicable. In addition they will maintain appropriate registers of such reporting, prepare and deliver MLRO reports for each board meeting, and attend such meetings to discuss the contents of the report.