Issue - meetings

To consider a report of the Borough Treasurer.

The Anti Money Laundering Policy is a key cornerstone of effective governance at the Council and supports a wider cultural awareness of counter fraud and how this is embedded.

The aims of the Policy are twofold:-

• To enable the Council to adhere to the Money Laundering Regulations 2017 and the CIPFA Guidance Note – Combating Financial Crime - further guidance on Anti-money Laundering for Public Service Organisations.
• To ensure that those staff most likely to be exposed to or suspicious of money laundering are aware of the requirements and obligations placed on the Council and on them as individuals.

The Committee is invited to comment on the report.

Officer Contact: John Pearsall on Tel: 474 4033 or email:john.pearsall@stockport.gov.uk

A representative of the Borough Treasurer submitted a report (copies of which had been circulated) providing for comment the Anti-money Laundering Policy which was a key cornerstone of effective governance.

Councillors sought assurance and were informed that employees were made aware of the policy and that information was made available to them.

RESOLVED – That the report be noted.