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The job of the MLRO/MLCO ( or equivalent persons) is to act as the focal point within a firm for the oversight of all activities
The job of the MLRO/MLCO ( or equivalent persons) is to act as the focal point within a firm for the oversight of all activities relating to anti-money laundering. The role needs to be filled by a senior compliance officer, who is free to act on his or her own authority and must be informed of any relevant knowledge and or knowledge of money laundering activity. Considering the scope of the role, explain what scope and responsibilities it carries.
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