Recap: Noteworthy IRS Criminal Investigation Highlights from Last Week

In case you missed it, here’s a rundown of the most significant stories from the IRS Criminal Investigation (CI) division during the week of September 25 to October 1, 2023.

1. Celebrating Hispanic Heritage Month

Diversity is the cornerstone of our strength. The IRS CI proudly celebrated Hispanic Heritage Month, acknowledging the vital role and contributions of Hispanic communities.

2. The Importance of the J5 Partnership in Tackling Global Tax and Financial Crimes

The J5 international partnership has proven to be a game-changer in the fight against global tax and financial crimes. As our Chief asserts, the profound impact of the J5 will continue to resonate for many years to come.

3. Recruiting the Next Generation of Financial Experts

We’re on the lookout for the next wave of financial experts. If you know someone who might be interested, don’t hesitate to spread the word.

4. Uncovering Criminal Activity through Financial Tracing

Our financial expertise plays a pivotal role in unearthing a wide array of criminal activities. By following the money trail, we’ve been able to disrupt and dismantle some of the country’s most significant drug and money laundering organizations.

5. Albemarle Settles Foreign Corrupt Practices Act Investigation with Hefty Payment

Albemarle, a publicly-traded company, has agreed to pay over $218 million to resolve a Foreign Corrupt Practices Act investigation. The company reportedly made profits of approximately $98.5 million from a dubious business scheme.

The IRS CI is the criminal investigative arm of the IRS, tasked with conducting financial crime investigations. These investigations span a wide range of areas, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft, and more. CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, boasting a federal conviction rate of over 90 percent. The agency operates out of 20 field offices across the U.S. and maintains 12 attaché posts abroad.

For more information about the IRS CI, its investigations, and how to report suspected tax fraud, visit the IRS CI webpage. Stay updated with the latest news and resources from the CI Newsroom, and learn about the most recent tax schemes and fraud alerts.