Utah now has a dedicated, statewide team to identify, investigate, and prosecute financial crime across jurisdictions and financial institutions. Attorney General Derek Brown today launched the Utah Financial Crimes Intelligence Center (FCIC). First brought to the Office by the Utah Fraud Prevention Coalition, the Utah Legislature established the FCIC in response to the rapid growth of financial crime across the state.
Since 2020, Utahns have lost nearly $450 million to scams, fraud, and other financial crimes. In 2025 alone, reported losses reached $108.4 million, and Utahns have already reported nearly $60 million in losses so far this year.
“No one is too smart, too careful, or too experienced to become a victim of fraud. We have seen criminals prey on business owners, investors, even people who teach financial literacy for a living, only to lose thousands to schemes built to exploit trust. These criminals are sophisticated and organized. They’re counting on us not being either. They’re wrong,” said Attorney General Derek Brown.
The FCIC brings together investigators, prosecutors, financial analysts, and financial institutions to identify fraud patterns, connect related cases, and support investigations that span multiple jurisdictions. Rather than treating each report as an isolated incident, the FCIC helps build a statewide intelligence picture to identify larger criminal networks operating in Utah.
In addition to investigating and prosecuting financial crime, the FCIC will:
- Provide training and resources to law enforcement agencies and financial institutions.
- Support local agencies with specialized financial crime expertise.
- Coordinate investigations involving identity theft, account takeovers, romance scams, elder fraud, cryptocurrency schemes, money laundering, and other financial crimes.
“Financial criminals are becoming more sophisticated, and Utah must stay ahead of the threat,” said Senate Majority Leader Kirk Cullimore. “The Legislature created the Financial Crimes Intelligence Center to give law enforcement the specialized tools, expertise and coordination needed to protect Utahns and hold criminals accountable. By bringing the right resources together, we can make Utah a much harder place for these criminals to operate and give victims a coordinated, capable team fighting on their behalf.”
The Office encourages anyone who believes they have been the victim of a financial scam to report it. Not every report will result in a conviction, but every report helps investigators and analysts identify larger patterns and criminal networks.
Utahns can report suspected financial crimes directly to the Financial Crimes Intelligence Center at fraud.agutah.gov.
