Keep pulling the thread on Guy Fico.
The introduction of Form 1099-DA for digital assets is expected to provide IRS-CI agents with significant new information and intelligence for identifying tax noncompliance.
The IRS Criminal Investigation's "CI First" program was created to establish a feedback loop and public-private partnerships with financial institutions and fintech companies regarding Bank Secrecy Act (BSA) filings.
The IRS Criminal Investigation is leading an initiative called "OFFRR" to create uniform formats for subpoenas and summonses across law enforcement agencies.
The goal of the OFFRR initiative is to improve the efficiency of AI platforms used by law enforcement to ingest and analyze financial records from various institutions.
Guy Fico predicts that IRS-CI investigations will eventually involve analyzing chatbot and AI agent conversations as evidence as these become more common forms of business communication.
Guy Fico predicts that law enforcement agencies will increasingly use both flying and ground drones for surveillance and other missions over the next decade.
A criminal case involving non-fungible tokens (NFTs) was prosecuted in Pennsylvania in approximately 2023.