SF 1169 Summary

• Establishes a multijurisdictional Minnesota Financial Crimes Task Force under the Commissioner of Public Safety to investigate major financial crimes with a statewide commander.

• Makes mandatory the victims assistance program to aid victims of economic crimes through police assistance, account protection advice, and identity theft passport assistance, with required public outreach through multiple media channels.

• Creates an "identity theft passport" card or certificate issued by the commissioner to identity theft victims who file police reports, usable when presenting to law enforcement or creditors to prevent wrongful arrest or investigate fraudulent accounts.

• Authorizes the commissioner to offer up to $2,000 rewards for tips leading to apprehension and prosecution of individuals committing economic crimes, with all rewards requiring commissioner approval and reporting to the Department of Revenue.

• Requires the commissioner to develop objective grant review processes, assist law enforcement in information sharing procedures, and enter contracts with retailers and financial institutions to combat identity theft and financial crime.