ML 7.2.2 E sets out that, in accordance with SYSC 3.2.6 R, firms should take reasonable care to establish and maintain appropriate systems and controls. In the context of the financial crime objective, this should include requirements for, at least, annually:
a report from the MLRO;
assessing the impact of any new findings underML 5;
a review of the number of money laundering reports made by staff.