The J5 Sounds the Alarm: Fintech’s Double-Edged Sword in Global Tax Enforcement by Sandra R. Brown and Philipp Behrendt
Posted by Hochman Salkin Toscher Perez P.C. 
Posted on Friday, June 20, 2025
In a coordinated move that should command the attention of financial institutions, fintech startups, crypto platforms, and tax professionals alike, on June 10, 2025, the Joint Chiefs of Global Tax Enforcement (J5) released a trilogy of threat assessments aimed at exposing how emerging technologies are facilitating global financial crimes, including tax evasion. These reports, developed through the J5’s Global Financial Institutions Partnership (GFIP), provide a sobering view of how financial technology (fintech), identity-based fraud, and trade-based money laundering are increasingly undermining tax enforcement efforts. Of particular interest to taxpayers, financial professionals, and digital asset platforms is the report titled Misuse of Fintech to Enable Tax Evasion and Money Laundering (dated May 2025), which synthesizes both empirical observations and literature reviews to show how fintech is being exploited to move untaxed income across borders, anonymize financial flows, and bypass regulatory safeguards.
For more information contact Sandra R. Brown at brown@taxlitigator.com
For more information contact Philipp Behrendt at behrendt@taxlitigator.com
