RESOLVED
That the Cabinet:
a) approves the Anti-Money Laundering Policy (Appendix A of report FIN/598) for adoption and subsequent publication.
b) delegates authority to the Head of Corporate Finance, in consultation with the Leader, to review and make minor amendments to the Anti-Money Laundering Policy as further changes to legislation and statutory guidance are introduced.
(Generic Delegation 7 will be used to enact this recommendation).
Reasons for the Recommendations
To fulfil the Council’s duty to review and publish updated guidance relating to the Anti-Money Laundering Policy.