Anti money laundering policy

This policy applies to all employees, workers, councillors, contractors, partners, suppliers, consultants, tenants, residents and service users of the council.

1.1 This policy outlines the council’s approach to money-laundering. It applies to all employees, workers, councillors, contractors, partners, suppliers, consultants, volunteers, residents and service users of the council.

1.2 The policy applies to all council’s activities, including its work with strategic partners, third parties, suppliers and others. In the case of partnership working, the council will seek to promote the adoption of this policy by its partners.

Effective Date:

June 2024

Review Date:

June 2026 (or sooner if there are changes to legislation)

Author:

Assistant Director (Finance)

Policy Owned by:

Section 151 Officer

Statute:

Proceeds of Crime Act 2002

Money Laundering Regulations 2017 (as amended)

Financial Services and Markets Act 2000

Terrorism Act 2000

National Standards and Guidance:

Combating Financial Crime: Practical Advice for the Public Sector 2020 (CIPFA)

Related Policies:

Anti-fraud and Corruption Policy

Gifts and Hospitality

Anti-money Laundering Policy

Whistleblowing Policy

Codes of Conduct for Employees and Members

Contract Procedure Rules