Tuesday, 3 July 2018
Cryptocurrency crimes defy borders, and regulatory bodies are collaborating internationally to fight them. The US Internal Revenue Service (IRS) has allied with tax authorities from Australia, Canada, the Netherlands, and the UK to fight tax crime and money laundering with cryptocurrency and other financial assets, the government agency announced on its website on Monday. The joint efforts — named ‘Joint Chiefs of Global Tax Enforcement (J5)’ — will comprise of six agencies from the five countries including the Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), the Fiscale Inlichtingen- en Opsporingsdienst (FIOD) from the…
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