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Anti-Money Laundering Policy

Recovery of Losses

8.1 The council will always seek to recover the losses incurred as a result of money laundering.

8.2 If anyone under investigation offers money in settlement of any losses to the council, it should be made clear that any monies offered will be accepted:

  • without prejudice to any other action the council may wish to take
  • that acceptance is only in respect of losses identified to date
  • and that the council reserves the right to seek recovery of any further losses that may come to light in the future

8.3 Instances of money laundering will be reported to the National Crime Agency and consideration will be given to legal action against the perpetrator of fraud or those benefiting from fraud in order to recover any losses the council faces.

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