Enforcement Updates From US And Dutch Agencies

Earlier this month, the Joint Chiefs of Global Tax Enforcement (J5), hosted The Challenge, an event bringing together investigators, cryptocurrency experts and data scientists, in order to find the world's most egregious tax offenders. It was the second time the event was held, and this year's focus was on cryptocurrency-facilitated crime. The J5 was established in mid-2018 by tax enforcement leaders from Australia, Canada, the Netherlands, the United Kingdom and the United States, to combat cross-border money-laundering, tax crime and cybercrime. After the recent event, the criminal division of the U.S. Internal Revenue Service (IRS) reportedly stated that it identified "dozens" of potential cryptocurrency tax evaders.