IRS Criminal Investigation

J5 countries host "Cyber Challenge" focused on data mining and financial reporting

Retrieved on: 
Thursday, November 2, 2023
DEX, Challenge, Canada Revenue Agency, Intelligence, NASA International Space Apps Challenge, The Royal Canadian Mounted Police in Quebec, FINTRAC, Joint Chiefs of Staff, FIU, Tax, Private sector, HMRC, Organization, The Challenge, Crime, Defense Criminal Investigative Service, Non-fungible token, Law enforcement, Environment, Australian Taxation Office, IRS-CI, RCMP, COVID-19, Financial intelligence, Ecosystem, US Cyber Challenge, IRS Criminal Investigation, Charles Ponzi, J5, Revenue, AUSTRAC, Financial crime, CRA, FIOD, Cryptocurrency, Drug

This year's iteration of the Challenge focused on data mining and financial reporting relating to crypto-assets and technology enabled financial threats.

Key Points: 
  • This year's iteration of the Challenge focused on data mining and financial reporting relating to crypto-assets and technology enabled financial threats.
  • This is the first Challenge where Financial Intelligence Units (FIUs) from each J5 country participated.
  • Collectively, the J5 member countries, FIUs, and blockchain analysis companies scoured their respective data holdings to identify the most promising cryptocurrency leads related to tax evasion and money laundering.
  • The J5 works together to gather information, share intelligence and conduct coordinated operations against transnational financial crimes.

Albemarle Corp. to Pay SEC More Than $103 Million to Settle FCPA Violations

Retrieved on: 
Friday, September 29, 2023
Jordan Investment Commission, Environmental crime, Justice, IRS Criminal Investigation, U.S. Department of Commerce Office of Security, Investment, Coast Guard Investigative Service, Fraud, Albemarle Corporation, U.S. Department of Justice Office of Legislative Affairs, Foreign Corrupt Practices Act, Netherlands, Private prosecution, Order, Australian Securities and Investments Commission v Rich, FCPA, Security (finance), United States Department of Justice Criminal Division, Zawar Farid, Securities and Exchange Board of India, United Arab Emirates

Washington, D.C.--(Newsfile Corp. - September 29, 2023) - The Securities and Exchange Commission today announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s charges that it violated the anti-bribery, recordkeeping, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA).

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - September 29, 2023) - The Securities and Exchange Commission today announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s charges that it violated the anti-bribery, recordkeeping, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA).
  • Albemarle has agreed to cease and desist from committing or causing any future violations of these provisions and to pay disgorgement of more than $81.8 million plus prejudgment interest of more than $21.7 million, totaling over $103.6 million.
  • In a parallel action, the U.S. Department of Justice announced today it has entered into a non-prosecution agreement in which Albemarle agreed to pay a $99 million criminal fine and to a forfeiture of approximately $98 million, of which $81.8 million will be satisfied by the company’s payment of disgorgement pursuant to the SEC Order.
  • The SEC’s investigation was conducted by Christine Neal, M. Shahriar Masud, and Brittany Prelogar of the SEC’s FCPA Unit, with assistance from Fernando Campoamor.

From the Tax Law Offices of David W. Klasing - Financial Crimes Enforcement Network (FinCEN) Targets Payroll Tax Evasion in Construction Sector

Retrieved on: 
Thursday, August 31, 2023
Workforce, Tax law, Insurance, Medicine, Occupational Safety and Health Act 1994, Construction, IRS, Workers' compensation, Demographics of Jehovah's Witnesses, Policy, Tax, Financial Crimes Enforcement Network, Bank Secrecy Act, IRS Criminal Investigation, Government, Medicare, W2, Social Security, Risk, Bank, Social, SARS, Injury, Cryptocurrency, Tax advisor, Security (finance), Health insurance

IRVINE, Calif., Aug. 31, 2023 /PRNewswire/ -- The Financial Crimes Enforcement Network (FinCEN) is a U.S. government agency responsible for combating financial crimes.

Key Points: 
  • IRVINE, Calif., Aug. 31, 2023 /PRNewswire/ -- The Financial Crimes Enforcement Network (FinCEN) is a U.S. government agency responsible for combating financial crimes.
  • If you need help dealing with a tax issue, seek support from our Dual-Licensed Tax Lawyers & CPAs at the Tax Law Offices of David W. Klasing by dialing (800) 681-1295.
  • The Financial Crimes Enforcement Network (FinCEN), in collaboration with IRS Criminal Investigation, has issued a notice addressing the escalating issue of payroll tax evasion and Workers' Compensation fraud in the U.S. real estate construction industry.
  • Payroll tax evasion takes various forms, each involving different tactics to manipulate financial systems and avoid tax obligations.

ACAMS The Assembly Las Vegas Brings Together More than 130 Experts to Fight Crypto Crime, Money Laundering, Sanctions Evasion, and the Abuse of AI

Retrieved on: 
Monday, August 28, 2023
OCC, Human, USPIS, AFC, Federal Bureau of Investigation, Justice, Department of the Treasury, Office of Terrorist Financing and Financial Crimes, Office of Inspector General, U.S. Department of Health and Human Services, Assembly, Comptroller, Internal Revenue Service, State Security Investigations Service, United States Postal Inspection Service, U.S. Department of Justice Office of Legislative Affairs, Financial Crimes Enforcement Network, Fintech, FDIC, Woman, HSI, Crime, FB MSBS Grot, U.S. Immigration and Customs Enforcement, Assistant, Treasury, Outline, USSS, ACAMS, Wagner Group, Financial Industry Regulatory Authority, FINRA, FBI, Security (finance), United States Secret Service, Secret Service, IRS Criminal Investigation, Federal Deposit Insurance Corporation, Federal Reserve Board of Governors, Cryptocurrency

WASHINGTON, August 28, 2023 /PRNewswire/ -- ACAMS, a leading membership organization dedicated to supporting anti-financial crime (AFC) professionals around the world, is pleased to announce that its flagship Las Vegas conference is back and bigger than ever. Beginning on October 2nd, attendees of The Assembly Las Vegas conference will hear AFC guidance on the most urgent financial-crime threats and challenges facing the private sector today, including a deep dive into the compliance obligations raised by ransomware attacks, case studies on recent large-scale healthcare and crypto frauds, and a look at the evolving sanctions risks related to the international expansion of Russia's paramilitary unit The Wagner Group.

Key Points: 
  • The Assembly Las Vegas is more than a unique three-day event designed to educate and upskill participants engaged in AFC work.
  • This year, we will also be presenting Lifetime Achievement awards to three pioneers of the AFC sector."
  • Whether they're attending in-person or virtually, participants will be able to view panels in real-time or watch on-demand content that will be made available for 90 days following the conference.
  • The complete program for The Assembly Las Vegas can be found here .

From the Tax Law Offices of David W. Klasing - How to Handle an IRS Audit that Could be a Clandestine Criminal Tax Investigation

Retrieved on: 
Friday, August 18, 2023
Tax law, Evasion, EAS, IRS, Crime, Average revenue per user, Bank statement, Internal Revenue Service, Audit, Eggshell, Identity theft, Tax, Estate agent, Multimedia, HERE, IRS Criminal Investigation, F-IRE Collective, Government, Book, Nature, Investment, Risk, Artificial intelligence, Criminal investigation, Cloud access security broker, Insurance, DoubleClick, Life insurance, Tax advisor, Private investigator, Cryptocurrency, Bookkeeping, Online shopping, Collection, Lawyer

If you are the subject of an IRS audit that could be a clandestine criminal tax investigation , it is imperative that you hire legal representation as quickly as you can.

Key Points: 
  • If you are the subject of an IRS audit that could be a clandestine criminal tax investigation , it is imperative that you hire legal representation as quickly as you can.
  • To alleviate anxieties related to unexpected IRS visits, it's essential to understand the different civil and criminal enforcement arms of the IRS.
  • A Reverse Eggshell Audit is a disguised IRS criminal tax investigation posing as a civil audit.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

From the Tax Law Offices of David W. Klasing - IRS Reveals New Plan to Fight Tax Evasion

Retrieved on: 
Thursday, June 8, 2023
Tax law, Learning, Communication, Office of Intelligence and Analysis (Treasury Department), EAS, IRS, Crime, Middle class, Average revenue per user, Internal Revenue Service, Disclosure, Hope, Multimedia, History, IRS Criminal Investigation, Treasury, Inflation, Climate change, Department of the Treasury, Democrat, Republican, Federation, Inflation Reduction Act of 2022, System, Cryptocurrency, Tax advisor, Life insurance, Online shopping

Furthermore, the IRS will hire more revenue agents and tax attorneys to help audit complex business partnerships and corporations.

Key Points: 
  • Furthermore, the IRS will hire more revenue agents and tax attorneys to help audit complex business partnerships and corporations.
  • For help with your tax issues, reach out to our experienced Dual-Licensed Tax Lawyers & CPAs at the Tax Law Offices of David W. Klasing by calling (800) 681-1295 or clicking here to schedule a reduced rate initial consultation.
  • A primary goal of this new plan is to reduce our nation's $7 trillion of uncollected tax revenue.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

From the Tax Law Offices of David W. Klasing - If you are Faced with Plea Bargaining Related to a Federal Tax Crime, it is Probably Too Late to Keep you From Doing Jail Time!

Retrieved on: 
Thursday, March 16, 2023
Multimedia, Research, Tax law, First Place, Risk, Probability, Government, EAS, IRS, IRS Criminal Investigation, Tax, Federal, Average revenue per user, Internal Revenue Service, Headache, Crime, Insurance, Tax advisor, Private investigator, Cryptocurrency

According to an article by Allen Ellis and Mark H. Allenbaugh, 97% of all federal tax crime defendants plead guilty.

Key Points: 
  • According to an article by Allen Ellis and Mark H. Allenbaugh, 97% of all federal tax crime defendants plead guilty.
  • If you are considering whether you should plead guilty to a federal tax crime, you should connect with our experienced Dual Licensed Criminal Tax Defense Attorneys and CPAs.
  • Our legal team at the Tax Law Offices of David W. Klasing can evaluate your criminal tax case and explain the appropriate course of action.
  • How our Dual Licensed Tax Attorneys & CPAs can help you Avoid a Criminal Tax Conviction in the First Place.

Corrigan Oil Selects iRely for Its New ERP System

Retrieved on: 
Monday, December 12, 2022
Petro, CIO, CTRM, BPR, Partnership, 2019 Corrigan Oil 200, IRS Criminal Investigation, Corrigan, Risk management, Family, Propane, SVP, Investment, Petroleum, ERP, Cryptocurrency

FORT WAYNE, Ind., Dec. 12, 2022 /PRNewswire/ -- iRely, LLC , an innovative partner providing enterprise software for petroleum distributors and convenience stores, announces Corrigan Oil has selected iRely as their partner of choice for its comprehensive ERP and operational software solution.

Key Points: 
  • FORT WAYNE, Ind., Dec. 12, 2022 /PRNewswire/ -- iRely, LLC , an innovative partner providing enterprise software for petroleum distributors and convenience stores, announces Corrigan Oil has selected iRely as their partner of choice for its comprehensive ERP and operational software solution.
  • Founded in 1958, Corrigan Oil is a family business in its 3rd generation, owned by Mike and Tim Corrigan.
  • "We are immensely proud to be welcoming Corrigan into the iRely family of customers" stated Dylan Gamboa, SVP of iRely's Petro division.
  • Corrigan Oil is one of several petroleum and C-store organizations recently added to the growing iRely customer base.

TRM Announces Launch of Beacon Network to Accelerate Recovery of Stolen Crypto Funds

Retrieved on: 
Thursday, November 17, 2022
Technology, Professional Services, Law Enforcement, Emergency Services, Blockchain, Web3, Security, Software, Cryptocurrency, Networks, Public Policy, Government, Finance, Communication, Decentralized finance, Treasury, United States Department of the Treasury, FBI, Probability, Network, Secret Service, Partnership, Law enforcement, Engineering, Data science, VASP, NFT, Circle, Culture, Australian Federal Police, FIU College of Engineering and Computing, HSI, Intelligence, IRS Criminal Investigation, INTERPOL, Web3, United States Secret Service, DEA, TRM, Internet, Organization, Fraud, Public sector, Private sector, CCO, Risk management, Cryptocurrency, Beacon

TRM Labs, the leader in blockchain intelligence solutions, today announced the launch of the Beacon Network, the first public-private communication network for Web3 incident response.

Key Points: 
  • TRM Labs, the leader in blockchain intelligence solutions, today announced the launch of the Beacon Network, the first public-private communication network for Web3 incident response.
  • The Beacon Network enables faster, secure communication between incident response teams by providing verified points of contact directly through the TRM Forensics interface.
  • TRM data reveals that 2022 was a record-setting year for crypto hacks, with over $3.7 billion stolen.
  • Following a hack, attackers typically move quickly to liquidate the crypto by sending the stolen crypto to an exchange or other cash out point.

Leading Blockchain Intelligence Company TRM Labs Announces $70 Million Series B Expansion Led by Thoma Bravo

Retrieved on: 
Wednesday, November 9, 2022
Professional Services, Security, Blockchain, Technology, Cryptocurrency, Finance, Banking, IRS Criminal Investigation, United States Secret Service, Hacks, Avalanche, Data science, Uniswap, Risk management, Intelligence, Tiger Global Management, TRM, INTERPOL, Justice, United States Department of Justice, Treasury, Organization, Fraud, FBI, Australian Federal Police, Government, United Kingdom, Solution, DEA, Software, Thoma Bravo, AML, Goldman Sachs, Engineering, Growth, CEO, Citibank, Polygon, United States Department of the Treasury, Private sector, Industry, HSI, Secret Service, Cryptocurrency, Professional Services, Security, Blockchain, Technology, Cryptocurrency, Finance, Banking

TRM Labs, a leading blockchain intelligence company, has announced a $70 million expansion to the companys Series B funding round, bringing the raise to $130 million in total.

Key Points: 
  • TRM Labs, a leading blockchain intelligence company, has announced a $70 million expansion to the companys Series B funding round, bringing the raise to $130 million in total.
  • The investment was led by Thoma Bravo, a leading software investment firm, with participation from Goldman Sachs and previous TRM investors including PayPal Ventures, Amex Ventures, Citi Ventures, and others.
  • The expansion follows TRMs $60 Million Series B raise in December 2021 led by Tiger Global.
  • TRMs blockchain intelligence solutions are utilized by law enforcement agencies, regulatory bodies, tax authorities and financial intelligence units worldwide to support investigations and analysis of crypto-related fraud and financial crime.