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Another Busy Week in Financial Crime Compliance

AML Conversations

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Is There a Criminal Division in the IRS?

The fraud is capturing lives or security numbers from any source that the fraudsters can get them and then using those to file fraudulent returns. Over 370 false returns filed claiming total refunds of a little over a hundred eleven million dollars so if you do the arithmetic these are large returns with very large refunds related to them compared to the average filer. I think those kind of things unfortunately just play on people's feelings that you know that somebody can figure something out that they can"

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