Issue - meetings

Report of the Cabinet Member for Finance and Assets

RESOLVED THAT:

1.    The Policy attached to this report be approved and adopted;

2.    The Director of Finance and Assets (Deputy S151 Officer) be authorised to approve future minor amendments to the Policy, in consultation with the Counter Fraud and Enforcement Unit, One Legal and the Cabinet Member Finance and Assets.

The Cabinet Member for Finance and Assets introduced the report and explained that CBC is a member of the counter fraud partnership. The Counter Fraud and Enforcement Unit (CFEU) has developed a Fraud Risk Strategy for implementation across the Counter Fraud Partnership.

The Strategy, attached at Appendix 2, has been developed to comply with Government Functional Standards relating to counter fraud activities.

The Strategy sets out the definitions and motivations for fraud and the principles of risk management.  Risk management and being ‘risk aware’ are vital to ensure the effective operation of this strategy within our council.

He highlighted that dealing with and handling public money comes with a level of trust, with the risk of fraud and corruption ever present, it is incumbent upon the council to take actions to mitigate against all risks. By being risk aware the council is in a better position to avoid threats, develop processes that reduce the loss or impact, and increase its ability to recover.

RESOLVED (unanimously) THAT:

1.    The Policy attached to this report be approved and adopted;

2.    The Director of Finance and Assets (Deputy S151 Officer) be authorised to approve future minor amendments to the Policy, in consultation with the Counter Fraud and Enforcement Unit, One Legal and the Cabinet Member Finance and Assets.