IRS crime fighting arm announces modernization program as financial crimes use more tech
With technology and AI increasingly used to perpetrate illegal acts, the IRS’ crime fighting arm is announcing a new program ...
JD Supra4h
FinCEN Narrows Focus on Southwest Border
In the last few weeks, the Financial Crimes Enforcement Network (FinCEN) has circulated several instructions focusing on money services ...
Accounting Today6d
IRS leverages banking data for criminal investigations
The Internal Revenue Service's Criminal Investigation unit has a new initiative for engaging with financial institutions to ...
Trump pardons four founders of BitMEX cryptocurrency exchange convicted of money laundering
The co-founders – Arthur Hayes, Benjamin Delo, Samuel Reed and Gregory Dwyer – previously pleaded guilty in 2022 to one count ...
Newsday6d
IRS crime fighting arm announces modernization program as financial crimes use more tech
Under the Bank Secrecy Act, banks and financial institutions are required to send over a variety of suspicious activity reports to the federal government after detecting potential money laundering ...