Issue - meetings
ANTI-MONEY LAUNDERING POLICY UPDATE
Meeting: 23/07/2018 - Audit and Risk Management Committee (Item 7)
7 ANTI-MONEY LAUNDERING POLICY UPDATE PDF 84 KB
Additional documents:
- Enc. 1 for ANTI-MONEY LAUNDERING POLICY UPDATE, item 7 PDF 139 KB
- Enc. 2 for ANTI-MONEY LAUNDERING POLICY UPDATE, item 7 PDF 80 KB
- Enc. 3 for ANTI-MONEY LAUNDERING POLICY UPDATE, item 7 PDF 74 KB
- Enc. 4 for ANTI-MONEY LAUNDERING POLICY UPDATE, item 7 PDF 99 KB
- Enc. 5 for ANTI-MONEY LAUNDERING POLICY UPDATE, item 7 PDF 55 KB
- Webcast for ANTI-MONEY LAUNDERING POLICY UPDATE
Minutes:
The Chief Internal Auditor, Mark Niblock, introduced a report which sought the Committee’s approval for the draft Anti-Money Laundering Policy and its accompanying guidance notes. This would ensure that the Anti-Money Laundering Policy was up to date and complied with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
Responding to a Member’s comment Mark Niblock informed the meeting that targeted instruction and training would be undertaken with relevant front line staff once the policy was approved.
Resolved –
That the following Policy and accompanying guidance notes be approved:
(i) Anti-Money Laundering Policy (Appendix A);
(ii) Briefing Note for front line Employees (Appendix 1);
(iii) Verification of Customer Identity form (Appendix 2);
(iv) Customer Due Diligence Procedure – Evidence document (Appendix 3);
(v) Offences Table (Appendix 4).