Issue - meetings

Consideration was given to report of the Senior Auditor.

The Senior Auditor presented the report which provided the Anti-Money Laundering Policy, which had been revised to reflect the amended Money Laundering and Terrorist Financing (Amendment) Regulations 2019.  The Policy was attached at Appendix 1.

The Officer spoke to the report and highlighted point contained therein.

A Member said it would be beneficial for amendments to be highlighted within the report, and also whether the Policy was in line with other LA’s.

In response the Officer said the amendments to the Policy were mainly in the format to reflect other LA policies, however, any further amendments would be made clearer moving forward.

Another Member referred to the reporting procedure highlighted at section 6 of the Policy document, and the Officer explained that any suspicions of money laundering should be reported within 24 hours, or as soon as possible.

RESOLVED that the report be accepted and the Policy be approved and adopted.