IRS-CI releases FY24 BSA metrics, announces CI-FIRST initiative

March 28, 2025 — IRS Criminal Investigation (IRS-CI) released investigative statistics March 28 highlighting how the agency uses Bank Secrecy Act (BSA) data to investigate financial crimes. During the previous three fiscal years 2022-2024 (FY22-24), 87.3% of IRS-CI’s criminal investigations recommended for prosecution had a primary subject with a related BSA filing, and adjudicated cases resulted in a 97.3% conviction rate with defendants receiving average prison sentences of 37 months. IRS-CI also used BSA data to identify $21.1 billion in fraud tied to tax and financial crimes, seize $8.2 billion in assets tied to criminal activity, and obtain $1.4 billion in restitution for crime victims.  Read More