Digital Crime Training for Ukrainian Officials

Recently, 14 Ukrainian officials have completed an advanced training course on investigating digital currency offenses, aiming to enhance their oversight of the sector following a spike in digital crime.

Skills Sharpening Opportunity

The Organization for Security and Co-operation in Europe (OSCE) organized the course, designed to enhance the skills of selected Ukrainian officials. According to OSCE’s statement, the attendees received training on state-of-the-art tools required to investigate digital currency crimes.

Partnership with UNODC

Run in partnership with the United Nations Office on Drugs and Crime (UNODC), the course aims to provide law enforcement with the skillset needed to stifle the use of digital currencies in narcotics, terrorism financing, money laundering, and fraud.

Renewed Capacity for Law Enforcement

Ralf Ernst, Acting Co-ordinator of OSCE Economic and Environmental Activities, emphasized the need to strengthen law enforcement and supervisory bodies as the use of virtual assets and cryptocurrencies continues to grow in Ukraine. He stated that this is essential for effective investigations and to enhance Ukraine’s resilience against money laundering and other financial crimes.

Focus on Training and Supervision

The training covered aspects such as on-chain tracking of funds, the use of specialized software, and the nature of blockchain. Held in Vienna, the course utilized case studies and practical examples to introduce attendees to industry best practices for investigating digital currency offenses.

Prior Training and Future Support

Ukrainian officials have received advanced digital asset training from the OSCE in the past, and further courses are hinted at in the coming months. The organization has stated that previous courses have resulted in victories against industry bad actors, with Ukrainian officials teaming up with stablecoin issuer Tether to freeze addresses associated with terrorist activity.

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International Collaboration and Funding

The course also provided training for law enforcement agencies from Georgia and Moldova, with funding from sources including Romania, Poland, Germany, the United Kingdom, and the United States.

Web3 Investigative Skills

In a separate initiative, Indian police officers recently received blockchain forensics training to address rising Web3 crimes, highlighting the global focus on enhancing digital currency investigation capabilities.

In Conclusion

Regulators worldwide have recognized the need for dedicated units with specialized skill sets to lead digital currency investigations, with examples including South Korea and the U.S., and other nations expressing interest in following suit.

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