External
Money Laundering Reporting Officer
Fulfil your legal obligations with an external Money Laundering Reporting Officer who brings expertise, experience, and full accountability.
How an External Money Laundering Reporting Officer works
Regpit provides experienced AML experts who take on the full responsibilities of the Anti Money Laundering Officer, from conducting risk assessments and overseeing internal AML processes to liaising with supervisory authorities such as the FIU and BaFin. An effective solution for organizations without an in house compliance team.
You focus on your core business, we take care of your AML compliance.
Risk management
You focus on your core business, we take care of your AML compliance.
- Appointment of an External Money Laundering Reporting Officer and Deputy (if applicable, also at Group level)
- Preparation, review and regular (annual) update of the risk analysis
- Development of internal policies, procedures and controls and their regular review and updating as necessary (on money laundering prevention and, where applicable, other criminal offences)
- Establishment of a suspicious activity reporting system and registration with goAML (if not already done)
- Control plan in accordance with the requirements of the supervisory authorities
Know Your Customer (KYC)
You focus on your core business, we take care of your AML compliance.
- Know-Your-Customer-Checks
- Design of an efficient KYC process
- Support with KYC tool implementation
Internal/external revision & reporting
You focus on your core business, we take care of your AML compliance.
- Reporting (annually and ad hoc if required) to the executive board
- Contact person for supervisory and law enforcement authorities
- Contact person for internal and external auditors and employees
- Reporting to group companies (if applicable)
- Information for the management in all matters relating to money laundering prevention and sanctions management
Regpit connects all expertise miteinander
Germany's leading experts
Outstanding expertise in the area of money laundering prevention.
Process control
We have extensive experience in implementing and optimizing AML processes.
Digitization
We digitize, automate, and simplify complex anti money laundering processes for our customers.
Understanding the industry
We have a deep understanding of industry specific challenges.
Package Money Laundering Reporting Officer
The packages differ in terms of the number of hours our anti money laundering experts are available, depending on your requirements.
The package includes the services from the Money Laundering Reporting Officer product
Typical customer groups for this package are
- Small venture capital funds
- Holding companies
The package includes the services from the Money Laundering Reporting Officer product
Typical customer groups for this package are
- FinTechs (e.g. small and medium sized ZAG licensed payment institutions)
- Larger venture capital funds
The package includes the services from the Money Laundering Reporting Officer product
Typical customer groups for this package are
- Larger FinTechs
- Asset Manager
- Crypto-Asset Service Provider
Selected references
With our efficient approach, we have already supported obliged entities from various industries on their path to fully compliant AML practices.
Financial sector and KAGB companies
International financial institutions, asset managers and KAGB companies with locations in the USA, England, Asia and Europe
FinTechs and payment institutions
Global digital financial solutions for a wide range of industries, serving both B2B and B2C markets.
Financial institutions and investment companies
Internationally positioned financial companies and holding companies with shareholding structures in the financial and non-financial sector
Property sector
Europe's leading estate agents and international property platforms
Your Regpit experts
More than 20 compliance specialists are there to support you personally: with in-depth expertise, practical experience and personalized advice on all aspects of your compliance solutions.
Dr. Jacob Wende
Managing Director / AML-Expert
Jan-Wolfgang Kröger
Head of Experts
Alexander Ebel
Manager – AML / AFC
Louisa Lippold
Chief Product Officer / AML-Expert
You are only looking for a short-term solution?
Sometimes a Money Laundering Reporting Officer (MLRO) is only needed temporarily, for example during staff absences or while a position is being refilled. In such cases, Regpit provides an interim MLRO to ensure your obligations are continuously fulfilled.
One platform.
All AML Compliance Functions.
Choose with complete flexibility: individual modules or tailored combinations, complemented by personalized expert services.
KYC/KYB Solution
Fully digital onboarding with automated PEP and sanctions screening, UBO identification, and company registry extracts, all fully audit ready.
Learn moreIdent Solution
Identify individuals securely through Video Identification, eID, Bank Account Identification, in person, or electronic signature. Fully compliant with the German Anti-Money Laundering Act and ready to use without any IT implementation.
Learn moreMonitoring Solution
Continuous monitoring of sanctions lists, PEPs, and adverse media. Changes are detected instantly and displayed as real time alerts.
Learn moreE-Learning Solution
Train employees efficiently while staying compliant with regulatory requirements. Includes knowledge assessments and audit ready certificates of completion.
Learn moreWhistleblowing Solution
Whistleblowing system compliant with the German Anti Money Laundering Act and the German Whistleblower Protection Act. Ready to use instantly with end to end encryption to protect both whistleblowers and organizations.
Learn moreAll Modules. One Platform.
See how Regpit automates your compliance processes in a personalized demo.
Book a demoExternal Money Laundering Reporting Officer (MLRO)
We take over the role of your Anti Money Laundering Officer, including regulatory reporting, risk assessments, and communication with supervisory authorities.
Learn moreExpert Support
Direct access to experienced AML experts for complex cases, suspicious activity, and regulatory compliance.
Learn moreWorkshop EU-AML-VO
Hands on workshop on the new EU Anti Money Laundering Regulation, designed to prepare your team for the upcoming regulatory requirements.
Learn moreExpert Support.
Whether you need outsourced AML services, expert advice, or training, we’ll help you find the right solution for your organization.
Get in touchYour AML obligations. In safe hands from day one.
We take on the role of your Anti Money Laundering Officer, ensuring full regulatory compliance without the need to build in house capabilities and providing you with a dedicated point of contact.
- Experienced AML experts
- Full responsibility for your AML function
- GDPR compliant with EU based hosting
Frequently Asked Questions (FAQ)
What is an external money laundering officer?
An external money laundering officer (AMLO) is an outsourced compliance expert who assumes the duties arising from the Money Laundering Act on behalf of a company, e.g. risk analysis, suspicious activity reporting, training and communication with authorities.
Who needs an anti-money laundering officer?
Banks, financial service providers, estate agents, insurance companies, notaries and many other professional groups must appoint an anti-money laundering officer in accordance with Section 7 GwG.
When is an external money laundering officer worthwhile?
An external ARC is worthwhile if there is a lack of in-house expertise, capacity is scarce or independence is required. SMEs, law firms and start-ups in particular benefit from expertise on call without having to set up their own compliance team.
What tasks does an external money laundering officer perform?
The ARC prepares risk analyses, develops guidelines, monitors KYC processes, conducts training, submits suspicious activity reports (Section 43 GwG) and acts as an interface to the FIU and supervisory authorities, all in close coordination with the company.
Is the appointment of an external ARC legally permissible?
The Money Laundering Act permits the appointment of external money laundering officers if they are reliable, competent and organisationally integrated. Regpit ensures that all regulatory requirements are met.
Does an external ARC have to be reported to the supervisory authority?
The appointment of the external money laundering officer must be notified to the competent supervisory authority. Regpit will take care of all communication and registration on request.
How does the cooperation with an external ARC work?
The appointment of the external money laundering officer must be notified to the competent supervisory authority. Regpit will take care of all communication and registration on request.
How quickly can an external ARC be launched by Regpit?
Thanks to standardised processes and regulatory expertise, Regpit can be appointed as an external money laundering officer within a few days.
What does an external money laundering officer cost?
The costs depend on the size of the company, complexity and the amount of support required. Regpit offers transparent monthly flat rates or modular billing, with a high degree of predictability and no hidden additional costs.
What distinguishes Regpit from other external money laundering officers?
Unlike individuals or consulting firms, Regpit offers a digital platform plus regulatory expertise. The combination of software and personal support is unique on the market.
Can Regpit also only be appointed as a deputy?
Yes, Regpit can be appointed both as an external ARC and as a deputy. This is particularly important in the event of absence, capacity bottlenecks or as a safeguard during audits.
What are the advantages of an external ARC over an internal one?
An external ARC brings specialised experience, an objective view and full focus on AML, without operational blindness or conflicts of interest. It also saves internal resources and offers audited standards.
Which sectors benefit particularly from an external ARC?
Regpit primarily supports: financial service providers, insurance companies, leasing providers, VC companies and start-ups, law firms wherever money laundering prevention is necessary but difficult to map internally.
How does Regpit ensure the quality of external support?
All of Regpit's external ARCs are legally qualified, regularly trained and work according to standardised, auditable processes. This guarantees legally compliant advice and reliable implementation.
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