Issue - meetings

(i)       to approve the attached Anti-Money Laundering Policy; and

(ii)      to approve the policy being incorporated into the Fraud, Bribery and Corruption Policy during the forthcoming review.

The Committee had before it a report by the Chief Officer Governance which presented the Anti-money Laundering Policy for approval.

The report recommended:-

That the Committee -

(a)      approve the attached Anti-Money Laundering Policy; and

(b)      approve the policy being incorporated into the Fraud, Bribery and Corruption Policy during the forthcoming review.

Councillor Jackie Dunbar asked about the training for employees and how often it was undertaken.  The Chief Officer Governance advised that if the Policy was approved that Chief Officers would be asked to identify which employees needed to undertake the online training.

Councillor Duncan sought information in relation to online transactions and whether there was a higher risk to the Council.  The report author advised that the online transactions were very small and would be out of scope.  The Chief Officer Finance advised that the National Fraud Initiative was looking at patterns of suspicious transactions and follow up on any matching events.

Councillor Townson sought information relating to procedures in place for staff and their safety when dealing with large cash transactions.  The report author advised that the training for staff would cover cash transactions and how to deal with anything suspicious.

The Committee resolved:-

to approve the recommendations contained in the report.