Anti-Money Laundering Office
Although CERN is a scientific organisation, it is not immune from exposure to money laundering risks in respect of external funds. The Organization, therefore, has a responsibility to take appropriate measures to address and mitigate such risks.
The reference document “Anti-Money Laundering Measures on External Funds”, produced by the FAP department, establishes the CERN measures on anti-money laundering insofar as external funds are concerned and sets out the procedure to be followed if money laundering is suspected. It should be read in conjunction with CERN’s broader legal framework, in particular, “Integrity at CERN”, “Guidelines for the implementation of the Conflict of Interest Policy”, “CERN Code of Conduct” and “CERN Anti-Fraud Policy” (see section Responsibilities and duties related to integrity and anti-fraud below).
These Measures apply to Controlling Services in the FAP department involved in the financial planning, budgeting, accounting and monitoring of external funds, as well as to all persons having signature rights on budget codes and Third-Party Accounts involving external funds . Furthermore, Controlling Services directly involved in activities generating revenues from external sources (e.g. fundraising from private donors or knowledge transfer) will familiarise themselves with these Measures.
The reference document “Guidelines for Mitigating the Risk of Money Laundering on External Funds” details general strategies for mitigating the risk of money laundering and complements the Organization’s Anti Money Laundering Measures on External Funds.
MONEY LAUNDERING REPORTING OFFICE (MLRO)
In the event of knowledge or suspicion that money laundering is taking or has taken place within the Organization, or concern about a transaction that may contravene the above-mentioned Measures, the Controlling Service must inform the MLRO and cease the related activity immediately. The responsibilities of the MLRO include:
- Monitoring the day-to-day operation of the Organization’s anti-money laundering policies and ensuring that policies are up-to-date;
- Acting as a focal point for receiving and considering disclosures concerning money laundering activities;
- Performing the relevant financial controls, If deemed necessary;
- Advising and providing instructions to the Controlling Services;
- Providing adequate awareness and training to Controlling Services;
- Keeping records of the reports and the findings in writing, which shall be made available to auditors and, if necessary, relevant national authorities upon request.
To find out more about CERN’s Anti-Money Laundering Measures on External Funds, you can enroll on the following course on the CERN Learning Hub: Money laundering on external funds: identify and report it!
OTHER RESOURCES
| 1. Privacy Notice Handling of Anti-Money Laundering Reports (PN01663) |
CONTACT
| MLRO Steven REYNOLDS |