National Fraud Initiative (NFI) biennial exercise
The City of London's fraud team reported significant recoveries and progress in fraud detection during the first half of the 2026/27 financial year.
The City of London’s Counter Fraud and Investigations team recovered over £178,000 and concluded 15 investigation cases in the first half of the 2026/27 financial year, as reported to the Audit and Risk Management Committee in November 2026 (story 11170). The team is also exploring artificial intelligence to enhance fraud detection.
A mid-year report to the committee in November 2026 indicated positive progress against objectives, with tenancy fraud being the highest category of concerns received, accounting for 24 cases in the 2026/27 year-to-date (story 11170).
These efforts contribute to the wider objective of detecting and preventing fraud across public sector organisations, which is also the purpose of the National Fraud Initiative (NFI) biennial exercise.
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
- Tenancy fraud was the highest category of concerns received by the City of London's team, with 24 cases in the 2026/27 year-to-date. Source
- The City of London's fraud team reported its mid-year results 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.
