Issue - meetings

To consider the Money Laundering Policy, as recommended by the Audit Committee on 24 March 2022.

Council considered the Anti-Money Laundering Policy, as recommended by the Audit Committee on 24 March 2022 and resolved to approve the revised Anti-Money Laundering Policy.

To consider adoption of the revised Money Laundering Policy and make a recommendation to Council.

The Interim Group Head of Corporate Governance advised the Committee that the Money Laundering Policy had been reviewed and updated to ensure it reflected current good practice.  The procedures within the policy were still relevant and did not require amendment. The policy formed part of the Council’s constitution and therefore required Council’s approval of any changes.

The changes proposed reflected the five key principles within the CIPFA Code of Practice, provided details of the roles and responsibilities of officers and moved away from individual names of officers to job titles. 

In response to a question about responsibility, the Committee was advised that responsibility for reporting any concerns lay at personal and corporate level.   The policy only provided an overview and more detailed information about the procedure was separate to that.

Resolved to recommend to Council the adoption of the Revised Money Laundering Policy as set out in Appendix A to the report.