Decision

Failure to Prevent Fraud

Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: March 20, 2025

Purpose:

Content: The Audit and Corporate Governance Committee noted the introduction of the duty of failure to prevent fraud as part of the Economic Crime and Corporate Transparency Act (ECCT) 2023 and the action the Council intended to take to ensure it could demonstrate that reasonable measures were in place.  

Supporting Documents

Failure to Prevent Fraud.pdf