Question

Each business group/circle/sbu will designate an official as

Answer 1

The answer is Money Laundering Reporting Officer (MLRO).

Each business group/circle/SBU will designate an official as a Money Laundering Reporting Officer for risk measurement, money laundering risk monitoring and risk evaluation at the concerned unit. The officer is also in charge of ensuring that the MIS report is generated according to regulatory equipment and internal policies.

Answer 2

Explanation:

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The answer is Money Laundering Reporting Officer (MLRO). Each business group/circle/SBU will designate an official as a Money Laundering Reporting Officer for risk measurement, money laundering risk monitoring and risk evaluation at the concerned unit.