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The Independent UK
The Independent UK
National
Fatima Hussein

IRS crime-fighting arm takes on new tasks during Ukraine war

Copyright 2016 The Associated Press. All rights reserved.

The crime-fighting arm of the IRS, which tracks financial crimes and hunts down pricey properties of sanctioned Russian elites, identified more than $32 billion in funds during the past fiscal year for eventual seizure, the agency reported Thursday.

Jim Lee, chief of IRS Criminal Investigation, said that's a “huge” amount — three times what was identified in the previous year. And the amount of money seized in stolen cryptocurrency — more than $7 billion — doubled from the previous year, he said.

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