Agenda item

The Committee considered a report of the Corporate Director of Resources which provided the revised Anti Money Laundering Policy to remind members and employees of the council of the internal procedures that must be followed to prevent the use of council services for money laundering (for copy see file of minutes). 

Regarding a query in relation to areas that expose the council to money laundering, the Corporate Director of Resources gave examples of money laundering activity that the Council were required to be aware of. It was noted that the risk to the Council was relatively low, however regulations required that policies and procedures were in place and steps were taken to minimise the likelihood of money laundering.

Resolved:

That the Anti-Money Laundering Policy attached at Appendix 2 of the report be agreed.