Failure to adhere to the requirements of the legislation may result in criminal prosecutions if we, our officers and members are not fulfilling their duty under the law.
While money laundering may most commonly be associated with organised crime, our employees could be exposed to it while carrying out their everyday activities such as cash handling or transactions that appear to make no commercial or economic sense from the perspective of the other party. Cash payments over £2,500 must not be accepted and may not be sub-divided to circumvent this limit.
Guidance for employees on their possible exposure to money laundering is set out in our Anti-Money Laundering Policy. Please take the time to read through the policy, noting in particular the examples, procedures and forms provided within the appendices:
If you have any further questions or concerns please discuss with your line manager and contact our officer responsible for anti-money laundering: Mark Kenyon, Director of Finance and ICT.