Anti Money Laundering Policy

Money laundering is the process of taking profits from crime and corruption and transforming them into legitimate assets. It converts criminally derived 'dirty funds' into other assets so they can be reintroduced into legitimate commerce. This process conceals the true origin or ownership of the funds, and so 'cleans' them.

LHC Procurement Group Limited (LHCPG) is exposed to the risk of laundering of funds by virtue of its procurement framework activities and related call off contracts with appointed companies who are themselves exposed to this risk.

LHCPG policy and aim is to fully comply with all UK legislation in relation to Anti Money Laundering, and to ensure it minimises the risk of money-laundering taking place in its operations and contracting arrangements.

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