John Milner Discusses Money Laundering in Independent Schools and How to Deal With Potential Risks
John Milner Discusses Money Laundering in Independent Schools and How to Deal With Potential Risks
John Milner, business crime and fraud lawyer discusses recent press reports on independent schools receiving funds from individuals involved in money laundering. The article was published in the Independent Executive Magazine 15 December 2014.
The article provides advice on a money laundering policy framework that schools could consider implementing, which would include steps to identify risks and how these could be investigated further and managed in an appropriate and proportionate manner. Independent schools, which are registered as charities, need to ensure that they report incidents under the Charity Commission’s serious incident reporting regime.
To view the article please click the button below or view page 30 of the online version.
