Issue - meetings
Review and approval of updated Proceeds of Crime and Anti Money Laundering Policy
Meeting: 15/07/2026 - Executive (Item 510)
510 Review and approval of updated Proceeds of Crime and Anti Money Laundering Policy 
PDF 53 KB
Purpose:
To present Executive with a revised Proceeds of Crime and Anti-Money Laundering Policy (‘The Policy’) for approval and adoption.
The Policy has been reviewed to ensure the content reflects current legislation and the Council’s Policies and Procedures.
Recommendations:
That the Executive resolves to:
- Approve and adopt the Proceeds of Crime and Anti-Money Laundering Policy attached to this report as Annex A.
- Delegate authority to the Director of Finance (s151) to approve future minor amendments to the Policy, in consultation with the Executive Member for Finance, Assistant Director Counter Fraud and Enforcement Unit, and the Assistant Director Legal Services.
Additional documents:
- Proceeds of Crime & Anti-Money Laundering Policy Review Feb 2026, item 510
PDF 237 KB
- Proceeds of Crime and Anti-Money Laundering Staff flow chart, item 510
PDF 95 KB
- Webcast for Review and approval of updated Proceeds of Crime and Anti Money Laundering Policy
Minutes:
Councillor Alaric Smith, Executive Member for Finance, introduced the item the purpose of which was to present the Executive with a revised Proceeds of Crime and Anti-Money Laundering Policy (“The Policy”) for approval and adoption.
In his presentation the Executive Member made the following points:
- This was an existing policy that outlined the responsibilities of the Council, the nominated Money Laundering Officer and the approach regarding due diligence in this area.
- The Policy had been refined with revisions or significantly new sections shown as red text in the agenda pack. Any operational or procedural elements relating to disclosure procedure, the reporting Officer’s considerations or client/supplier identification process had been removed and were now detailed within the supporting internal procedure document.
- The majority of the other amendments were minor and were shown as red insertions.
- A supporting flowchart had been designed and would be provided to employees during the awareness sessions with a more detailed internal procedure document.
Councillor Smith proposed accepting the recommendations in the report.
Councillor Andy Graham seconded the proposal and emphasised that it was important to continue to review such policies to ensure that they were fit for use. The Policy was available on the website.
The proposal was put to the vote and were agreed unanimously.
The Executive resolved to:
1. Approve and adopt the Proceeds of Crime and Anti-Money Laundering Policy attached to this report as Annex A.
2. Delegate authority to the Director of Finance (s151) to approve future minor amendments to the Policy, in consultation with the Executive Member for Finance, Assistant Director Counter Fraud and Enforcement Unit, and the Assistant Director Legal Services.