Don Fort was quoted in a recent Tax Notes article entitled “Ukraine Invasion Prompts Wyden Call to Strengthen IRS CI,” published on March 2, 2022.
The article notes:
Don Fort of Kostelanetz & Fink LLP, who served as CI chief from 2017 to 2020, said he agrees with Wyden that the unit has been starved for resources. The division needs not only more agents and employees but also the latest technology to combat complex financial crimes, he said.
Commenting on several recommendations made by Wyden — including that the SEC should update disclosure rules for foreign owners of private investment funds — Fort emphasized that the lack of information on ownership behind trusts, entities, and financial transactions makes CI agents’ work more difficult and time-consuming.
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