Joint Chiefs of Global Tax Enforcement (J5)

From CryptoMarketsWiki
Revision as of 14:23, 10 June 2019 by MattRaebel (talk | contribs) (Key People)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search
Joint Chiefs of Global Tax Enforcement (J5)
Founded 2018
Headquarters Global
Key People Will Day, Simon York, Don Fort, Hans van der Vlist, Stephane Bonine
Products International cybercrime investigation organization

The Joint Chiefs of Global Tax Enforcement (J5) is an organization consisting of members of criminal intelligence agencies from Australia, the United States, Britain, the Netherlands, and Canada. It is a criminal investigation organization focused on pooling resources to confront cross-national tax crime threats, including cybercrime and tax crimes related to cryptocurrency.[1][2]

Overview

J5 was founded in 2018 by multiple tax law enforcement organizations from several countries around the world. Its founding members include members of the Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), the Dutch Fiscale Inlichtingen-en Opsporingsdienst (FIOD), the British HM Revenue & Customs (HMRC), and the U.S. Internal Revenue Service Criminal Investigation (IRS-CI).[3]

The goal of the organization is to pool resources between agencies in order to support its members' attempts to crack down on tax evasion, money laundering, and cryptocurrency-related crimes. As of June 2019, the organization had 60 investigations underway, with an expected 50 more to begin in the near future.

Australian Taxation Office Deputy Commissioner Will Day told The Block that one of the investigations currently underway directly involves a "global financial institution" and its intermediaries, which is allegedly involved with helping Australian taxpayers hide assets and details about income. Day also said that the organization has been investigating how cryptocurrencies are used to facilitate tax crimes.[4]

According to J5, since the formation of the organization in 2018 there have been more data exchanges between members of the agencies that founded it than in the previous ten years combined. Hans van der Vlist, General Director FIOD, said that the group is "becoming more effective and operational." He said that in May, J5 was able to remove a prominent online mixer, or web-based service that pools cryptocurrency together in order hide its user's funds, allowing them to easily launder money. Van der Vlist said that J5 was in the process of analyzing information formerly stored by the web service.

In June 2019, the group met on its one-year anniversary in Washington, D.C., coinciding with a global cyber training event hosted by the U.S. at the World Bank.[5]

Key People

  • Will Day, deputy commissioner of the Australian Taxation Office
  • Simon York, director of the U.K. HM Revenue & Customs (HMRC) Fraud Investigation Service
  • Don Fort, chief of the U.S. Internal Revenue Service Criminal Investigation (IRS-CI)
  • Hans van der Vlist, general director Fiscale Inlichtingen-en Opsporingsdienst (FIOD)
  • Stephane Bonine

References