No. SB 950
Filed under Criminal Justice.
Financial Crimes Intelligence Center; Establishing the center within the Department of Legal Affairs; specifying the purposes of the center; authorizing the department to enter into operational agreements, etc.
Plain English Summary
AI-GENERATEDThe bill establishes a new Financial Crimes Intelligence Center within the Department of Legal Affairs to coordinate state responses to financial fraud, forgery, and check fraud.
The center is authorized to enter agreements with law enforcement and other agencies to share information and must appoint a director to manage its operations.
It requires the center to assist financial institutions and merchants in identifying and prosecuting financial crimes, and it may release non-sensitive information to these entities.
The director must submit an annual report to the department detailing the center's operations, fraud statistics, and expenditures, and the department must adopt implementing rules.
AICreates a new state entity within the Department of Legal Affairs to coordinate responses to financial fraud, forgery, and check fraud.
AIRequires the Department of Legal Affairs to enter into an agreement with a law enforcement or governmental agency to appoint a director to supervise the center.
AIDesignates information collected by partner agencies under the agreement as the intellectual property of the center, requiring transfer to the department upon termination.
AIRequires the director to submit an annual report to the department by December 1, including operational plans, fraud statistics, and expenditures.