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IRS Launches CI-FIRST to Combat $21.1 Billion Financial Fraud

3/29/2025

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Summary

Story summary

The IRS Criminal Investigation unit has unveiled the CI-FIRST program, a groundbreaking initiative designed to strengthen partnerships with financial institutions in the fight against financial crimes like drug trafficking and human smuggling. By streamlining subpoena requests and enhancing data-sharing, this program addresses the staggering $21.1 billion in fraud reported from 2022 to 2024, underscoring the critical role of Bank Secrecy Act data in uncovering illicit activities.

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Story summary

The IRS Criminal Investigation unit has unveiled the CI-FIRST program, a groundbreaking initiative designed to strengthen partnerships with financial institutions in the fight against financial crimes like drug trafficking and human smuggling. By streamlining subpoena requests and enhancing data-sharing, this program addresses the staggering $21.1 billion in fraud reported from 2022 to 2024, underscoring the critical role of Bank Secrecy Act data in uncovering illicit activities.