On February 27, the IRS announced the release of its Annual Criminal Investigation Report (“Report”), discussing the significant accomplishments and criminal enforcement actions taken by the IRS in fiscal year 2016. Highlights in the Report include case examples on a range of matters, including money laundering, public corruption, terrorist financing and narcotics trafficking financial crimes, as well as a discussion of a drop in the number of agents and professional staff at the IRS, and a drop in the total number cases brought for the third consecutive year.