J5 Countries Host Data ‘Challenge,’ Close In On Enablers Of Tax Fraud And Financial Crimes

; posted on
November 13th, 2018

The Chiefs of Global Tax Enforcement (known as J5) held a meeting in Amsterdam. The meeting focused on identifying the professional enablers and those who are facilitating offshore tax fraud and financial crime.

Joint Chiefs of Global Tax Enforcement

The Chiefs of Global Tax Enforcement (known as J5) are committed to combatting transnational tax crime and money laundering through increased enforcement collaboration. The J5 comprises Canada, UK, Australia, the Netherlands, and the United States. The group focuses on building international enforcement capacity by sharing information and intelligence, enhancing operational capability by piloting new approaches and conducting joint operations/investigations.

Established in June 2018 with an inaugural meeting in Montreal, the J5 develops tactical plans and identifies opportunities to pursue cyber criminals and enablers of a transnational tax crime.

The Challenge

At the meeting, called "The Challenge," experts from each country identified new investigation targets and developed practices for sharing information between J5 members that should help them find similar patterns and targets in the future. In addition to The Challenge, the J5 has already identified and is actively pursuing many professional enablers suspected of facilitating significant tax fraud across international boundaries. Currently, the J5 partners are working together to tackle each of these enablers through coordinated international action.

They also identified the risk posed by websites that promote fraudulent schemes or asset concealment. J5 partners have shared intelligence and capability to collectively close in on these enablers by monitoring their users and apply the information in their investigations into those involved in these schemes.

During the meeting, the J5 countries reported their progress to combat the tax fraud and financial crimes. Australia and the Netherlands have strengthened their respective forces to focus on organized crime and money laundering. Meanwhile, US, UK, and Canada have been actively investigating enablers. Canada is currently investigating over 15 cases involving promoters of tax schemes and more than 50 cases linked to offshore tax evasion, while the UK now has more than 200 enablers under active criminal investigation, and has recently made legislative changes and received investment to allow it to do more.

The meeting was held in response to the OECD’s call to action for countries to do more to tackle the enablers of tax crime. The J5 will work more collaboratively with the OECD and other countries and organisations where appropriate.

Source: IRS

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