MLRO & Compliance Officer

The MLRO and Compliance Officer is responsible for overseeing and managing the company's compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) and more importantly Virtual Assets Regulatory Authority (VARA) regulations. This role involves developing and implementing policies, procedures and controls to prevent money laundering and terrorist financing activities within the organization. The MLRO and Compliance Officer will also ensure that the company adheres to all relevant local and international regulatory requirements.

Requirements

• Develop and Implement AML/CTF/VARA Policies: Create and update AML/CTF//VARA policies, procedures and internal controls to ensure compliance with applicable laws and regulations for our group of companies (Fastex Exchange, FTNFT ART Gallery, etc.)
• Regulatory Compliance: Stay up-to-date with AML/CTF/VARA laws and regulations globally and ensure the company's activities align with the latest requirements
• Risk Assessment: Conduct regular risk assessments to identify potential money laundering and terrorist financing risks associated with the organization's operations and clients
• Training and Awareness: Provide training to employees on AML/CTF/VARA policies, procedures and best practices to promote a culture of compliance and encourage the reporting of suspicious activities
• Suspicious Activity Reporting: Establish and oversee processes to monitor and identify suspicious transactions and activities, ensuring timely reporting to relevant authorities as required
• Customer Due Diligence (CDD): Implement procedures for customer due diligence, including verifying the identity of clients and conducting enhanced due diligence on high-risk customers
• Transaction Monitoring: Oversee transaction monitoring systems to detect and investigate unusual or suspicious patterns of activity
• Record Keeping: Ensure accurate and complete record-keeping of AML-related documentation and reports in accordance with regulatory requirements
• Internal and External Communication: Act as the main point of contact with relevant authorities, such as financial intelligence units and regulatory bodies, regarding AML/CTF/VARA matters. Provide updates and reports to senior management and the board of directors
• Risk-Based Approach: Apply a risk-based approach to compliance efforts, tailoring AML/CTF/VARA measures to the organization's specific risk profile
• Audits and Reviews: Coordinate internal and external audits or reviews related to AML/CTF/VARA compliance and implement necessary remediation actions
• Penalties and Enforcement: Stay informed about enforcement actions and penalties related to AML/CTF/VARA violations and take appropriate steps to avoid similar issues within the organization