Former IRS Commissioner Charles Rettig Joins IVIX Board of Advisors

Veteran Tax Leader Joins AI Startup Combating Financial Crimes

NEW YORK--(BUSINESS WIRE)--IVIX, the first AI-powered platform designed to help governments around the world combat financial crime and noncompliance at scale using LLMs, advanced graph analytics and publicly available data, announced the appointment of former Commissioner of the Internal Revenue Service Charles Rettig as its Chairman of the Advisory Board. This strategic addition follows a recent $60 million Series B funding round and will help position IVIX to accelerate its growth trajectory around the world.

Rettig brings over four decades of compliance expertise and public sector leadership to IVIX, including his tenure as IRS Commissioner from 2018-2022. As Commissioner, he presided over the nation’s tax system, managing an agency of more than 83,000 employees and an annual budget of more than $14.1 billion generating annual gross revenue of approximately $4.9 trillion (representing more than 95% of the gross revenue of the United States). Under his leadership, the IRS navigated through critical challenges, including COVID, implementing changes in tax legislation, the modernization of IRS systems and numerous new initiatives to aggressively combat tax evasion and financial crimes. In recognition of his IRS leadership, Commissioner Rettig received the Alexander Hamilton Award, the highest honor for individuals selected by the Secretary of the U.S. Treasury.

“We are honored to welcome Chuck to IVIX. His appointment as Chairman of the Advisory Board marks the next step in IVIX's journey, supporting governments' efforts to combat financial crimes,” said IVIX CEO Matan Fattal. “Chuck brings a wealth of expertise and a proven track record that are fundamental as we continue to scale our technology and expand our capabilities.”

“IVIX represents the future of financial crime detection,” said former Commissioner of the Internal Revenue Service Chuck Rettig. “For decades, I’ve seen the challenges that government agencies face in keeping pace with increasingly sophisticated financial crimes, and IVIX’s innovative AI-powered technology provides a significant government advantage in this fast-paced operating environment. I’m excited to bring my passion and experience to a company that gives authorities the advanced tools they require to identify hidden business activities and criminal networks.”

“Chuck’s extraordinary track record in leading large-scale government operations, directly interacting with government authorities throughout the world, and his deep understanding of financial crime and noncompliance make him an invaluable addition to IVIX’s Board of Advisors," said IVIX Chief Business Officer and former Internal Revenue Service Criminal Investigations Chief Don Fort. “I’ve known Chuck for perhaps 20 years. We worked closely together at the IRS and I’m confident his insights and passion will be instrumental as we help more government agencies strategically implement AI to protect public resources and address financial crime.”

Rettig has held important leadership roles in a number of professional organizations and has been a featured speaker and panelist at hundreds of professional conferences throughout the United States, in Europe and in Central America. Before becoming IRS Commissioner, he long served as an Advisory Board Member for the CA Franchise Tax Board and the CA State Board of Equalization. He is also a co-founder of the UCLA Extension VETS COUNT Scholarship Fund designed to provide scholarships for active duty and retired military personnel who are working to realize their career goals in tax, accounting, and wealth management. Rettig is also currently serving as a Board Member/Senior Advisor on behalf of various next-generation technology organizations as well as firms providing advanced blockchain investigation and recovery tools and insights for law enforcement agencies, financial institutions, and threat intelligence platforms.

IVIX, founded in 2020 by security experts and tech industry veterans Matan Fattal and Doron Passov, is the first and leading AI-powered technology purpose built to help government authorities combat financial crime and noncompliance at scale using publicly available business data. IVIX is headquartered in New York, with offices and employees in Europe, the U.S., South America and Asia proudly serving governments around the world.

About IVIX
IVIX’s innovative platform helps government authorities around the world illuminate large-scale financial crimes, such as money laundering and sanctions evasion, as well as tax non-compliance, at speed and at scale. Powered by Open-Source Intelligence-driven AI (OSINT) and graph analytics, IVIX transforms publicly available data into a powerful resource that reveals hidden business activity, accelerates investigations and streamlines workflows, empowering authorities in their mission to reduce financial crime and improve compliance, so they can better serve their communities. For more information visit: https://www.ivix.ai/.