Global Effort to Combat Cybercrime: IRS Initiates Pilot Program Sending Crypto Experts Abroad

The U.S. Internal Revenue Service (IRS) has announced the launch of a pilot program aimed at combatting cryptocurrency-related cybercrime on a global scale. The IRS will be dispatching four experienced cybercrime investigators, known as attachés, to strategic locations across four continents: Asia, Europe, South America, and Australia. The attachés will collaborate with law enforcement counterparts in these regions to enhance their capabilities in dealing with cybercriminal activities. Jim Lee, the head of IRS Criminal Investigation, emphasized the importance of equipping foreign counterparts with similar tools and expertise to effectively combat cybercrime. 

The attachés, including experts in digital forensics, cryptocurrency tax evasion, crypto exchange fraud, and money laundering investigations, will be stationed in Sydney, Bogota, Frankfurt, and Singapore for a period of 120 days, starting from June to September 2023. Their primary focus will be on tax and financial crimes involving cryptocurrency, decentralized finance, peer-to-peer payments, and mixing services. This pilot program demonstrates the IRS’s commitment to international collaboration and strengthening global efforts to combat cybercrime in the realm of cryptocurrencies.

Clever Robot News Desk 25^th May 2023