Homeland Security Secretary Tom Ridge on Tuesday announced several programs designed to protect the U.S. financial system against criminal exploitation. In a speech at the Federal Reserve Board in New York, Ridge highlighted the creation of a new initiative to investigate financial crimes and the expansion of a program of electronic-crimes task forces. “Safeguarding the integrity of America’s financial system is a key part of homeland security,” he said. The program of electronic-crimes task forces is run by the Secret Service. It was expanded from the original New York-based program to nine cities under a 2001 anti-terrorism law. Tuesday’s action extends the program to four additional cities: Cleveland; Columbia, S.C.; Dallas; and Houston. The existing task forces are in Boston; Charlotte, N.C.; Chicago; Las Vegas; Los Angeles; Miami; New York; San Francisco; and Washington. Full Story
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