IRS Criminal Investigation Releases Fiscal Year 2015 Annual Report

The Internal Revenue Service released its IRS Criminal Investigation (CI) annual report, reflecting significant accomplishments and enforcement actions taken in fiscal year 2015.  Focusing on tax-related identity theft, money laundering, public corruption, cybercrime and terrorist financing, IRS CI initiated 3,853 cases in FY 2015.

The report includes a section on the IRS Illegal Source Financial Crimes Program, which includes all, tax-related, money laundering and currency violations. Two credit union involved cases are included.

The report is worth scanning by loss prevention and compliance staff to see the types of fraud conducted.

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