Outsourced vs in-house MLRO
The honest comparison.
The MLRO (Money Laundering Reporting Officer) is the person personally accountable for your firm's anti-money-laundering controls. Most financial-services licences require one.
Time and seniority
Recruiting in-house typically takes three to six months, and seniority depends on budget. An outsourced senior specialist can be in place within weeks, subject to regulator approval.
Continuity and cost
One in-house person means holiday and resignation risk, plus salary, social tax, recruitment and training. An outsourced model has a named deputy and fees based on the agreed scope.
When in-house is required
Some regulators require the role to sit inside the company. There, an interim officer or secondee to the same standard is the answer.
Figures reflect the position at publication. We confirm the current rules for your case in the scoping call.