Decision details

The Director of Resources submitted a report asking Members to consider and approve the recently fully reviewed and revised Anti-Money Laundering Policy.

Members were reminded that:

·      The Anti-Money Laundering Policy was originally developed from best practice guidance issued by CIPFA and was first produced in November 2010.

·      Since November 2010 there have been several revisions to reflect changing regulations.

The Report noted that latest proposed version of the policy, represented a substantial rewrite of the policy.

RESOLVED THAT COMMITTEE:

Approved the Anti-Money Laundering Policy as set out at Annex 1 of the Report.