ISC statement outlining schools' duties under money laundering legislation
Posted on: 01 Nov 2018
Posted by: Julie Robinson
Julie Robinson, ISC general secretary, outlines the systems in place if a school is concerned about the provenance of money it receives.
“Schools are very aware of their duties under the existing money laundering legislation and will respond fully to any changes in law or practice. Schools know they must raise Suspicious Activity Reports if they have any concerns over the provenance of the money they are receiving.
“We are working with the Home Office and other agencies to help ensure reporting remains as accurate as possible.”
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