Global Tax Enforcement Joint Chiefs Highlight Five Crypto Risk Indicators for Financial Institutions
ARTICLE | June 03, 2024
Authored by Schlenner Wenner & Co
The Joint Chiefs of Global Tax Enforcement (J5) recently issued an advisory, highlighting five risk indicators tied to cryptocurrency assets. These indicators may signal potential involvement in illicit activities such as money laundering and tax evasion. The advisory aims to alert financial institutions to these risks, enabling them to better detect and report suspicious activities.
Click here to read the full IRS notice.
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