International Hot Topics in Tax Enforcement
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Is charging tax fraud as a money laundering offense a reach too far? Traditionally, tax evasion has not been charged as mail fraud or wire fraud and therefore has not been charged as a predicate for a money laundering offense. However, one recent case in the Southern District of New York arising out of the Panama Papers has charged a tax offense as wire fraud and as a predicate for an international money laundering charge.
The panel will review the existing law and guidance in this area and discuss when money laundering can be charged in connection with a tax crime.