Internal Revenue Service, Criminal Investigation
) investigates potential criminal violations of the U.S. Internal Revenue Code
and related financial crimes in a manner intended to foster confidence in the tax system and compliance with the law. While other federal agencies also have investigative jurisdiction for money laundering
and some bank secrecy act violations, the Internal Revenue Service
(IRS) is the only federal agency that can investigate potential criminal violations of the Internal Revenue Code.
Chief, Victor S.O. Song, Criminal Investigation, and Rick Raven, Deputy Chief, Criminal Investigation, oversee a worldwide staff of approximately 4,400 CID employees, including approximately 2,800 special agents
who investigate and assist in the prosecution of criminal tax, money laundering, and narcotics-related financial crime cases.
In July 2008, the office of the Treasury Department's
Inspector General for Tax Administration reported that the number of federal criminal tax investigations referred by the Internal Revenue Service to the Tax Division
of the Justice Department
is at an eight-year high. According to the report, the fiscal year 2007 ended with 4,600 investigations. The increase is nearly 50 percent from fiscal year 2002 to year 2007. The report also concluded that federal criminal tax convictions increased by 6.7% from fiscal year 2006 to fiscal year 2007. The number of persons convicted in fiscal year 2007 was 2,155.George L. Yaksick, Jr.,... Read More