Issue - meetings

Report of Chief Internal Auditor seeking approval of the review of a number of policies 2018/19, attached.

The Committee considered the report of the Chief Internal Auditor detailing Anti-Fraud, Bribery and Corruption, Money Laundering and Whistleblowing Policies 2018-19 as detailed in Appendices 1-3 of the report.

The Committee noted that the Money Laundering Regulations 2007 had been replaced with the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 which placed greater emphasis on risk assessments in relation to understanding areas of potential exposure and enhanced internal controls.  The Committee also noted that the previous Bribery Act Policy and Anti-Fraud and Corruption Policy had been amalgamated as the offences were interlinked and sat better considered together.

RESOLVED: that the reviewed Anti-Fraud, Bribery and Corruption Policy, the Anti Money Laundering Policy and the Whistleblowing (Duty to Act) Policy as attached as Appendices 1-3 of the report be approved.