On June 28, 2021, McDermott held a webinar presentation titled “Cryptocurrency Global Tax Enforcement: What Investors and Companies in the Industry Need to Know NOW.”

Topics during this webinar included:

• How to address the tax consequences of past virtual currency transactions, including potential voluntary disclosure considerations.
• How to protect your business from a US Department of Justice (DOJ) or UK investigation, including compliance updates to address this risk.
• Law enforcement perspectives and updates from the IRS, DOJ and a former high-level director at HM Revenue & Customs.
• How to respond to an IRS letter, including potential civil resolutions.
• How to respond to a DOJ or a UK Serious Fraud Office (SFO) inquiry, summons, subpoena, search warrant or a whistleblower complaint.

A link to the webinar is available here. A link to the webinar’s slides is available here.