Emerging fraud risks
The City of London is recovering funds from fraud and exploring artificial intelligence to combat emerging risks.
The City of London's Counter Fraud and Investigations team recovered over £178,000 and concluded 15 cases in the first half of the 2026/27 financial year. A report to the Audit and Risk Management Committee on 2 November 2026 stated the team is now using artificial intelligence to help detect new and developing types of fraudulent activities.
The report to the committee also highlighted that tenancy fraud was the highest category of concerns for the 2026/27 year-to-date, with 24 cases. The mid-year report, presented in November 2026, indicated the team had made positive progress against its objectives.
Key facts
- The City of London's Counter Fraud and Investigations team recovered over £178,000 in the first half of the 2026/27 financial year. Source
- The team concluded 15 investigation cases in the first half of the 2026/27 financial year. Source
- The City of London is using artificial intelligence to help detect fraud. Source
- Tenancy Fraud was the highest category of concerns for 2026/27 Year-To-Date, with 24 cases. Source
- These results were reported to the Audit and Risk Management Committee on 2 November 2026. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 9 November 2026. Spotted a mistake? Email community@opencouncil.network.
