Money Laundering Reporting Officer

Company Overview:

LondonLink specialise in providing secure and user-friendly crypto trading services to clients worldwide. We are committed to maintaining the highest standards of compliance and security to ensure the safety and trust of our customers. We have recently expanded into Lithuania and are now seeking a self-motivated Money Laundering Reporting Officer (MLRO) to join our team.

Job Description:

The MLRO will play a critical role in ensuring LondonLink’s compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations in the crypto industry. As we are a small team you are expected to get hands-on in day-to-day compliance tasks whilst carrying out the MLRO-specific duties.

This is an exciting opportunity to join a fast-growing digital asset startup, deploying your compliance expertise to minimise risks to the firm and liaise with the Lithuanian regulator.

The MLRO must be resident in Lithuania and happy to work remotely as part of an international team. S/He will be supported by our experienced Compliance team, which is based in Gibraltar.

Responsibilities:

Reporting:

• Identify and investigate suspicious transactions or activities in a timely manner.
• Prepare and submit timely suspicious activity reports (SARs) to Lithuania’s Financial Crime Investigation Service (FCIS) as required by law.
• Make all other submissions to the FCIS as required by law.

Regulatory Liaison:

• Stay updated on changes to crypto-related regulations and ensure that the business remains in compliance.
• Interact with regulatory and law enforcement bodies as needed, and maintain a positive relationship with them.

AML/KYC Compliance and Training:

• Adhere to AML/KYC policies, procedures and controls in accordance with local and international regulations including:
• Review customer due-diligence and apply appropriate transaction monitoring allowances
• Act as second line compliance and a point of escalation for the compliance team;
• Oversee and when necessary conduct transaction monitoring;
• Oversee and when necessary conduct blockchain analysis;
• Oversee and when necessary conduct watchlist screening;
• Oversee and when necessary adjust customer risk scores; and
• Oversee and when necessary carry out periodic reviews.
• Provide training and guidance to employees on AML/KYC policies and procedures.
• Foster a culture of compliance within the business.

Record Keeping:

• Maintain accurate records of AML/KYC activities and reports for auditing purposes.
• Prepare and submit regular compliance reports to senior management.

Risk Assessment:

• Conduct periodic risk assessments and adjust AML/KYC measures accordingly.
• Develop strategies to mitigate potential risks associated with money laundering and fraud.

Requirements:

• Resident in Lithuania.
• Fluent in Lithuanian with fluent written and spoken English.
• Must work exclusively for LondonLink.
• Strong understanding of AML/CFT standards and best practices.
• Bachelor's degree in a relevant field, ideally with a focus on compliance, law, finance or similar.
• Excellent analytical and investigative skills.
• Exceptional attention to detail and the ability to work independently.
• Self-motivated, with a desire to work as part of an international team.
• A commitment to maintaining the highest ethical standards.

Desirable Skills and Experience

• Previous experience as an MLRO.
• Previous experience in the crypto industry.
• Experience carrying out blockchain analysis investigations.
• In-depth knowledge of cryptocurrency regulations in Lithuania.
• Legal experience such as amending written contracts.