Anti money laundering policy

Key Principles

4.1 The main requirements of the legislation are:

  • To appoint a Money Laundering Reporting Officer (MLRO);
  • Maintain client identification procedures in certain circumstances;
  • Implement a procedure to enable the reporting of suspicions of money laundering; and
  • Maintain record keeping procedures.

Its aim is to enable employees and Members to respond to a concern they have in the course of their dealings for the Council, and also places a duty upon them to report suspicious activity and money laundering to the MLRO.

4.2 Individuals who have a concern relating to a matter outside of work should contact the Police. The objective of the policy is to provide a coherent and consistent approach to all employees and any person who performs services for and on behalf of Welwyn & Hatfield Borough Council (the Council), including contractors and subcontractors on ensuring compliance with the Bribery Act.

4.3 It will enable employees, members, contractors and volunteers to understand their responsibilities and allow them to take the necessary action such as reporting any potential breaches of the policy.

4.4 The policy will form part of the Council’s Anti-Fraud and Corruption Framework.

4.5 The Council is committed to preventing bribery and will not tolerate it in any of its activities.