Licensing
MLRO and AML compliance
An MLRO or compliance officer for your firm, provided or introduced, with the AML framework, policies, risk assessment and training a regulator expects.
Regulated firms and funds need a Money Laundering Reporting Officer (MLRO), sometimes a deputy, and an anti-money laundering framework the regulator will accept. We provide or introduce a qualified MLRO or compliance officer suited to your regulator and size, and build the framework around them: the business-wide risk assessment, policies and procedures, customer due diligence, sanctions screening, suspicious activity reporting and staff training. Where the role must be held by someone resident or approved locally, we introduce a qualified provider in that jurisdiction.
What we cover
What the service covers
What you receive
- A qualified MLRO or compliance officer, provided or introduced
- A business-wide risk assessment and AML policies and procedures
- Due diligence, screening and reporting processes your team can follow
- Training for staff and directors, and support with regulator questions
- Introductions to administrators, auditors, screening providers and counsel
Who it is for
Clients we usually advise
- 01
Fund managers and funds that need an MLRO, deputy or AML officer
- 02
EMIs, payment firms, VASPs and iGaming operators, at licensing and after
- 03
Companies that want an independent review of an existing AML programme
Jurisdictions
Where we most often deliver this service
We can look at others too. The choice depends on your circumstances, not on a list.
- Cayman Islands
- British Virgin Islands
- United Kingdom
- European Union
- United Arab Emirates
- Hong Kong
How we engage
Four stages, one at a time
Typical timeline Scoped on engagement, depending on the banks, registries and regulators involved. You can stop after any stage.
- 1
Apply
A short application tells us who you are, what you need and where.
- 2
Diagnose
Working sessions with your director to test assumptions and agree the question to answer.
- 3
Blueprint
The structure, the reasons for it and the costs, set out in a memorandum.
- 4
Implement
We form the entities, prepare the bank applications and stay on for compliance.
Questions
Common questions
Does HPT act as our MLRO?
Can you review an AML programme we already have?
Are you paid by the providers you introduce?
Related services
Often combined with this service
- iGaming licensingB2C casino, sportsbook, poker, lottery and B2B platform / supplier iGaming licences. Available in MGA, Curaçao, Isle of Man, Anjouan, Gibraltar and more.Typically 3 to 9 monthsTypically 3 to 9 months
- Private and hedge fund set-upPrivate equity, venture and hedge fund vehicles in Cayman, the BVI, the Bahamas, Luxembourg and the UAE, with the manager's licensing, compliance and service providers arranged around them.Typically 6 to 12 weeks for formationTypically 6 to 12 weeks for formation
We do not give legal or tax advice in jurisdictions where we are not qualified to do so; where needed, we coordinate local counsel and tax advisers.
Fees agreed in writing before work begins. Where a bank or provider pays us for an introduction, we tell you before the introduction is made.
See also what we will not do and prohibited and restricted matters.
Next step
Tell us about your matter.
A short application tells us what you need and where. We aim to reply within 48 hours. If we are not the right firm for it, we will say so.