technology crime task force
US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime
The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).
Singapore AGC Launches Tech and Crypto Crime Task Forces
Singapore's Attorney-General's Chambers has established two specialized task forces to combat technology-enabled and technology-facilitated crimes. These units, formed this year, consist of around 20 prosecutors trained in handling digital evidence and understanding the nuances of tech-related criminal activities.
Ugandan Government Forms an Expert Task Force to Delve into Crypto Usage
The Ugandan government has formed a team of experts to research and offer guidance on digital financial operations, such as cryptocurrencies in the wake of recent crypto scams.
ANNA Develops New Technology Strategy On Digital Assets
ANNA, a mnemonic for the Association of National Numbering Agencies apprised the public that it has developed a new technology task force on digital assets which will help to investigate the identification of digital assets in the likes of tokens and cryptocurrencies, blockchain technology.
Crypto & the FATF Travel Rule: FinCEN Suggests Challenges in Governance, Not Technology
The Financial Action Task Force (FATF) Travel Rule has been in the center of attention lately, which concerns crypto transactions above a certain amount must be accompanied by identifying information.The rule is an update to the existing FATF Recommendation 16, regarding cross-border and domestic wire transfers, and is intended to address the anti-money laundering (AML) and counter-terrorist financing (CFT) challenges as crypto adoption increases. The FATF Travel Rule could mean implications for virtual asset service providers (VASPs), including cryptocurrency exchanges, wallet providers, and custodians.
UN Agency Advises Kenya to Embrace Blockchain Technology to Tame Corruption
The United Nations Office of Drugs and Crime (UNODC) wants Kenya to embrace blockchain technology to fight runaway corruption.
Indian Minister Reveals Crypto Regulatory Measures to Tame Terrorism
G. Kishan Reddy, India’s Union Minister of State (MoS) for Home Affairs disclosed that the nation would incorporate the standards of the Paris-based Financial Action Task Force (FATF) to deter terrorism by cutting off funding sources, especially cryptocurrencies.
FATF Assessment Finds Majority of US Exchanges are Compliant with Virtual Asset Guidance
The Financial Action Task Force (FATF) has published an assessment of the US’s compliance with its revised criteria for anti-money laundering (AML) and terrorist financing (CTF) through virtual assets and found that most virtual asset providers are compliant.
China Plans to Thwart Procedural Violations in the Police Force and Courtrooms with Blockchain
China has laid plans to use a new automated system powered by blockchain and other technologies to propel surveillance of its judges and police officers.
FATF Virtual Assets Guidelines for Cryptosphere Review
With the growing concern of virtual assets/cryptocurrencies being used as a medium for the financing of illegal activities, the Financial Action Task Force (FATF) issues revised guidance from time to time to combat money laundering and terrorist financing involving virtual assets (VAs) and virtual asset service providers (VASPs).
Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat
Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.
US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters
US lawmakers have introduced a new bill to Congress seeking to impose federal control over the entire stablecoin industry and would mandate issuers to secure bank charters.
Dutch Central Bank Forces Crypto Firms to Register Within Two Weeks or Face Cease and Desist
The Dutch Central Bank, De Nederlandsche Bank (DNB) has announced that crypto companies must register with the authority by May 18, or to stop operating immediately. DNB has looking to enforce the Dutch anti-money laundering (AML) laws, which was passed by the Dutch Parliament in April to comply with the Fourth Anti-Money Laundering Directive (AMLD4) laws. The Dutch AML laws are in compliance with the Financial Action Task Force-recommended AML directives and standards.