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RECOMMENDED:           
That the amended Anti Money Laundering Policy Review
be put forward to Full Council for formal adoption.
 
Reason for Decision
 
To ensure the Council’s
anti-money laundering policy and associated procedures remain up to
date and fit for purpose including changes in legislation. This
policy looks to provide a clear process for officers/members who
wish to report suspicions of money laundering and to the same end
helps to raise suspicions of serious crime to the relevant
responsible officers and other organisations (the National Crime
Agency – NCA). As well as to protect officers/members who may
have a suspicion and may require assistance to prevent further
offences and/or obtaining guidance to prevent themselves from
inadvertently becoming ‘involved’ in money
offences.