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.