A new centre has been put up with some assistance from the Texas Department of Licensing and Regulation and the Smith County District Attorney’s Office has found tremendous success in carrying this out.
Putting Up An Intelligence Centre
The Texas Financial Crimes Intelligence Centre has, up until now, averted around $ 50,000,000 when it comes to financial losses from fraud happening in Texas. More than 350 credit card skimmers have been put off in the organisation’s first year of working itself. The organisation seems to be working majestically right through its initial year of being set up to help the residents.
People living in Texas talked about how tough it is to always keep your guard up when it comes to payments, money transferring or even filling up the tank at the gas station. People everywhere are a tad too scared for nobody and nothing seems like it can be trusted and worked upon, anymore.
With that being said, the saviour, Texas Financial Crimes Intelligence Centre is a one of its kind ever to open organization last year works in order to make sure financial fraud is brought down to the least by making sure law enforcement investigations work to the best of their abilities. It was created by House Bill 2106 in the 87th Texas Legislature with a total budget of $2,650,000 for 2 years and it already looks more than just promising.
The Texas Department of Licensing and Regulation’s executive director Mike Arismendez Junior said that the Financial Crimes Intelligence Centre’s performance in its first year was remarkable and unparalleled with anything else. He spoke about how the staff has shown the value of putting up an intelligence centre that focuses particularly on financial fraud in Texas. As more institutions and organizations will begin working together with the FCIC, people in Texas and their businesses will get a lot safer.
Apart from the gas station skimming, the Financial Crimes Intelligence Centre has recorded fraud from different credit card skimming that is committed by people who aren’t Texan locals as well as ATM and state benefit cards. People have really put a hold on online methods of sending and receiving money for these reasons. In the city where it is happening the most, Corpus Christi, a few of the local residents have confessed to using cash now after all the scamming and skimming taking place through credit cards.
The Financial Crimes Intelligence Centre has put the Texan branch in the limelight of financial crime interrogations in the entire country. It is the first of its very own kind and up until now has proven to be a boon for the law enforcement offices as well as all the Texans. The teamwork has and will make sure to get rid of frauds in the coming months by bringing forth a safer atmosphere for Texas businesses, banks and people alike while repelling those who loot from others and making tourists fear Texas because of crimes like these.
