Approved Individuals: Compliance Officer and an MLRO

If getting a license in the AIFC is on your company’s to-do list, check out this quick cheat sheet on why you need a Compliance Officer and Money Laundering Reporting Officer (MLRO), along with the key requirements for each.

💡 The Compliance Officer and MLRO are both Approved Individuals, requiring prior approval from the Regulator (AFSA) before hiring.