Get the latest tech news
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 intended to improve how it interacts with financial institutions.
Called Feedback in Response to Strategic Threat —or CI-FIRST— the program unveiled Friday is intended to speed up subpoena requests, give banks better data on how to detect criminal activity and build out investigations faster and more efficiently. “A lot of times people look at BSA data or the Bank Secrecy Act as a regulatory requirement, but it’s really one of the sharpest tools law enforcement as a whole has to trace fraud illicit money and dismantle these criminal networks.” In addition to their financial crimes work, IRS Criminal Investigations has been called upon by the Trump administration to help with immigration enforcement.
Or read this on r/technology
