Establishment of the Corporate Fraud Task Force
Establishes Corporate Fraud Task Force to Target Financial Crimes
What it does
Agencies must form a Justice Department Corporate Fraud Task Force to direct investigations, prosecutions, and recovery efforts for significant financial crimes.
Real-world impact
- Creates a task force prioritizing investigation and prosecution of major financial crimes.
- Requires resource allocation recommendations and coordination across law enforcement levels.
- Authorizes efforts to recover criminal proceeds and strengthen penalties for offenders.
Topics
Summary
This order establishes a Corporate Fraud Task Force inside the Justice Department to strengthen investigation and prosecution of significant financial crimes, recover proceeds, and ensure proper punishment for offenders.
The Attorney General must create the Task Force immediately and the Deputy Attorney General will chair and direct its work, with specific United States attorneys and agency heads as members.
The Task Force will recommend resource allocations, improve cooperation among federal, state, and local authorities, and advise the President and Congress on needed legal or policy changes.
Questions, answered
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