U.S. Internal Revenue Service conducts overseas tax evasion training in Grenada
On September 9, 2021, the U.S. Internal Revenue Service (IRS) delivered the Foreign Tax Evasion Case Study Training Course to the Domestic Revenue Division and the Intelligence Unit Grenada financier. The course incorporated several areas of transnational financial crimes specific to offshore banking systems, tax evasion and the Klein conspiracy, while specifically focusing on an offshore tax evasion investigation involving a complex but classic pyramid scheme. The course also highlighted how international efforts, such as the Offshore Voluntary Disclosure Initiative (OVDI) and the Foreign Account Tax Compliance Act (FATCA), help fight tax evasion and serve to dismantle and disrupt a criminal conspiracy. based on greed. The training session generated intense discussions on conducting investigations to secure Grenada‘s tax and financial system.
At the opening of the event, Randy Boyke, Deputy Controller, Domestic Revenue Division, Grenada Ministry of Finance and Leticia James, Deputy Police Officer, Grenada Financial Intelligence Unit, welcomed the training participants. Senior US Embassy Grenada officer Karl Duckworth addressed financial professionals: “As international criminals develop more sophisticated techniques, everyone benefits from sharing information about how to detect, investigate and ultimately bring offenders to justice. Duckworth continued, “As Grenada continues to meet the real challenges presented by COVID, this is a testament to the hard work and dedication of the revenue collection and finance professionals of the United States and Grenada that they were able to organize this important training in complete safety. in line. We all look forward to and pray for the day when it is safe to conduct international exchanges like this in person. Meanwhile, the United States will continue to be Grenada’s friend during these difficult times. “