The Dubai Financial Services Authority (DFSA) has published a Thematic Review report on Continuing Professional Development (CPD) for Money Laundering Reporting Officers (MLROs) of Authorised Firms operating in or from the Dubai International Financial Centre (DIFC).
As financial crime becomes increasingly sophisticated, it is essential for MLROs to stay on top of the latest trends, legislation, and best practices. The DFSA sees their continued professional development as critical to fostering a proactive and informed approach to mitigate risks and maintain the integrity of the financial system.
The Review assessed how MLROs comply with their CPD obligations and the extent to which Firms support their professional development. It highlights good practices observed, areas requiring improvement, and expectations for Firms and MLROs going forward.
The DFSA expects Firms and MLROs to review the findings and take appropriate action to strengthen their compliance frameworks and support continuous learning.
The Thematic Review report on CPD for MLROs is available here.
