Billions in stolen crypto. Oligarchs' illicit assets. Financial crime is more complex than ever — and investigators say they need help to keep up
CBSN
In its more than 100-year history, the IRS criminal investigation unit has helped put away the likes of Al Capone and John Gotti. It is the nation's sixth-largest federal law enforcement agency and the only one authorized to investigate federal criminal tax violations and pursue related financial crimes, such as money laundering, currency violations and terrorist financing.
But as the financial world grows more complex, so has criminal activity – and the unit tasked with bringing such illicit action to heel is facing an increasing challenge. About 75% of the unit's time is spent on tax investigations, but in recent years, they've shifted resources to emerging areas – like cryptocurrency.
"Gone are the simple days of a person sending a transaction through a single bank account. That was easy to uncover: gain records from the bank. Now it's a very complicated web of sophisticated criminals trying to move money globally, "said Jarod Koopman from the IRS criminal investigation unit.
Springtime brings warmer weather, longer days and nature's awakening across much of the country. It also brings higher chances for tornadoes, large hail, flash floods and damaging winds — and that means more alerts about threatening forecasts, which often come in the form of watches and warnings. There is a distinct difference between the two, particularly when it comes to what they mean about taking action when the weather takes a turn for the worse.
Former heart surgeon and television host Dr. Mehmet Oz is set to face questions Friday from the Senate's finance committee over his nomination to head the Centers for Medicare and Medicaid Services under President Trump.
Santa Fe, New Mexico — A representative for the estate of actor Gene Hackman is seeking to block the public release of autopsy and investigative reports, especially photographs and police body-camera video related to the recent deaths of Hackman and wife Betsy Arakawa after their partially mummified bodies were discovered at their New Mexico home in February.
A judge in Maryland has blocked for now the mass firings of probationary federal workers and ordered thousands of fired probationary workers to be reinstated, marking the second decision of its kind in a day.
In the past year, over 135 million passengers traveled to the U.S. from other countries. To infectious disease experts, that represents 135 million chances for an outbreak to begin. To identify and stop the next potential pandemic, government disease detectives have been discreetly searching for viral pathogens in wastewater from airplanes. Experts are worried that these efforts may not be enough.
Washington — Irish Taoiseach Micheál Martin said he hopes dialogue can resolve the trade war between the U.S. and the European Union after President Trump Thursday threatened to impose 200% retaliatory tariffs on European wines and alcohols.
A former local mafia boss died Wednesday after he was shot in his car in the middle of a busy highway near the French city of Grenoble, local authorities and sources close to the case told French news agency AFP.
The Social Security Administration could soon lose as many as 10,000 workers, according to former agency leaders who expect a large portion of federal workers to accept a buyout offer from the agency.
Defense Secretary Pete Hegseth has ordered a review of military standards, including physical fitness, body composition and grooming. It's a review Hegseth promised during his confirmation hearing when questioned about his statements he's made that military standards have eroded.
Washington — Democratic Rep. Raúl Grijalva of Arizona died Thursday morning after "a long and brave battle" against cancer, according to his office.
Dollar General has a particularly clear view into the pocketbooks of low-income Americans, given those shoppers are the discount retailer's core customer base. And some are so financially pinched they can no longer afford basic necessities, the chain relayed on Thursday.
President Trump has made a number of inaccurate claims about Canada in the past week as he imposed new tariff hikes on the country and touted his plans for more.
Those who glance up at the sky tonight will have an opportunity to catch the March 2025 "Blood Moon," a phenomenon that colors the full moon in shades of red, orange and yellow during a total lunar eclipse.