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IRS Investigated Fewer Illegally Funded Financial Crimes in 2008
By Matt Squire
printThe U.S. Internal Revenue Service started fewer illegal source financial crime investigations in fiscal year 2008, according to data released Friday by the agency. The IRS started 1,441 investigations into the crimes-including money-laundering, tax and currency violations-in the fiscal year ended September 30. The number is a 17 percent decline from the 1,731 cases begun in fiscal 2007, and a 14 percent decline from the 1,686 cases begun in fiscal 2006, according to the agency. The 2008 numbers are the lowest for the agency since fiscal 2001, when the IRS launched 1,313 investigations tied to ill-gotten money. The dip could...
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