Security

Crystal

<div class="cryptonews">
 <p class="is-style-lead">With the growing use of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> in Ukraine, there is a ‘pressing need’ for effective investigations, OSCE officials say.</p>
 <p>Ukrainian officials have completed the second training organized by the Organization for Security and Co-operation in Europe (OSCE) on crypto investigation in a bid to enhance its fight against money laundering.</p>
 <p>In a press release on Nov. 17, OSCE said that fourteen supervisory and law enforcement officials from Ukraine “enhanced their knowledge and skills” in monitoring and investigating crimes conducted with <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> in a <a rel="noopener noreferrer nofollow" title="training" href="https://thebittimes.com/tag/training.html">training</a> course held from Nov. 14 to Nov. 17.</p>
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 <p>Ralf Ernst, acting Coordinator of OSCE Economic and Environmental activities, said the <a rel="noopener noreferrer nofollow" title="training" href="https://thebittimes.com/tag/training.html">training</a> is essential to effectively investigate <a rel="noopener noreferrer nofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a> <a rel="noopener noreferrer nofollow" title="laundering" href="https://thebittimes.com/tag/laundering.html">laundering</a> crimes as there is a growing use of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> in Ukraine. The report says Ukrainian officials learned advanced tracing methods on different blockchain networks with “specialized analytics software.”</p>
 <p>In September 2023, the Internal Revenue Service said in a press release that nearly 40 Ukrainian law enforcement officers completed a second round of training focused on tracing crypto transactions. IRS Criminal Investigation Chief Jim Lee added that as part of the training course, the Ukrainian officials used blockchain analytics products from CipherTrace and BlockTrace.</p>
 <p>In the same month, Andriy Pashchuk, the director of Ukraine’s economic security bureau (ESB), unveiled in an interview with media that his agency has also been using foreign blockchain services to investigate <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> crimes, saying that analysts at ESB are now using data services like Chainalysis and Crystal Blockchain to trace <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> operations.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ukraine-completes-new-crypto-training-with-osce-to-combat-money-laundering-tbt70687.html">https://thebittimes.com/ukraine-completes-new-crypto-training-with-osce-to-combat-money-laundering-tbt70687.html</a></p>

Ukraine completes new crypto training with OSCE to combat money laundering

TheBitTimes

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