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Langley finance director reports bank recovered fraudulently transferred funds; security measures enacted
Summary
Finance Director Kelly Beech told council she discovered fraudulent bank transactions; the bank recovered the funds and the city has enacted additional security measures, she said during her staff report.
During the staff reports, Director of Finance Kelly Beech reported that she had identified fraudulent bank transactions affecting the city and told the council the bank has recovered the funds. She also encouraged council members to view the Association of Washington Cities’ Budget Basics training that she referenced in her written report.
Beech said the City has enacted additional security measures in response to the incident. No further details or dollar amounts were provided in the minutes; staff indicated the matter is resolved with the bank’s recovery but that internal controls were strengthened going forward.
