The IRS Criminal Investigation has launched a new program called CI-FIRST, designed to improve collaboration with financial institutions in response to evolving financial crimes. This initiative aims to expedite subpoena requests and enhance data-sharing protocols, facilitating faster detection of crimes such as drug trafficking and human smuggling. IRS-CI Chief Guy Ficco underlined the importance of mutual benefit in public-private partnerships, while statistics revealed that from 2022 to 2024, over $21 billion was linked to fraud, showcasing the program's significance in addressing financial crime.
The IRS Criminal Investigation's new CI-FIRST program aims to enhance communication with financial institutions, speeding up responses to subpoenas and improving crime detection.
Guy Ficco emphasized that the success of public-private partnerships depends on mutual benefits, which the CI-FIRST program strives to enhance.
Lauren Kohr highlighted BSA data as a crucial tool for law enforcement to trace illicit money, dismantle criminal networks, and aid real victims.
From 2022 to 2024, IRS-CI reported $21.1 billion in fraud linked to crimes, showing the urgent need for improved coordination with financial institutions.
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