To agree the public minutes and non-public summary of the meeting held on 6 July 2018.
RESOLVED, that the public minutes and non-public summary of the meeting held on 6 July 2018 be approved as a correct record.
The Chairman welcomed Commander Karen Baxter to her first meeting of the Economic Crime Board. Commander Baxter was heard regarding her background and her plans for the Economic Crime Directorate (ECD), on conclusion of which the following points were made.
· A Member commented that, in his view, the pursuit of perpetrators of economic crime was an area for development. The Commander agreed but noted that with over 800k reports of economic crime the ECD needed to ensure its intelligence-led approach to pursuing perpetrators was suitably robust.
· A Member queried whether ECD could review the potential to secure private sector funding from developing tech industries. The Commander agreed, noting that it would be possible for ECD to tap into work that private sector firms were already undertaking.
· A Member noted that the pace of technological change was so fast that it was necessary to ensure there was a triangulation between regulatory bodies, trading standards and the Police to ensure an effective response to economic crime.