Agenda item

Report of the Director of Markets and Consumer Protection.

Consideration was given to a report of the Director of Markets and Consumer Protection which sought approval of the “Economic Crime Protocol for the City of London”.  This protocol, the first in the UK, sought to bring together enforcement partner organisations to provide an effective way of targeting economic crime and supporting the victims of economic crime.

A brief discussion took place around prosecution and the importance of an effective working relationship between the Corporation and the Police. 

Members agreed that residents/stakeholders should be consulted prior to the document being endorsed and also requested information regarding the responsibilities of relevant bodies.

Members noted an amendment on page 81 of the report – “Financial Services Authority”.

RESOLVED : -That prior to the protocol being endorsed relevant stakeholders including residents be consulted.