The financial analyst permanently assigned to the BFTF conducts an initial examination of all referrals for completeness, predication, and supporting documentation.
The task force publishes this data in a monthly report and distributes it to members of the Arizona Banker's Association and to police investigators and prosecutors on the BFTF. Any other law enforcement or financial agency that wishes to review the reports can request to receive them.
In these confession cases, if the defendant does not enter a guilty plea within a reasonable time period or if the case goes to trial, the BFTF investigators and financial institutions provide prosecutors with additional investigative resources.
The BFTF also has investigated and prosecuted a number of special cases.
In a 24-month period, the BFTF investigated 714 referrals from financial institutions involving losses of more than $6.8 million and resulting in 164 convictions.
With the coordinated efforts of participating agencies, the BFTF can get on the culprit's trail while it is still hot.
