The UK’s law enforcement agency had advertised two
positions for the role of blockchain investigators to join the Complex
Financial Crime Team (CFCT). The step is part of the efforts to combat crimes
related to cryptocurrencies by the National Crime Agency (NCA).
The responsibilities in
the two advertised managerial positions include oversight of investigations of crimes
related to cryptocurrencies to ensure that investigations are done in
accordance with the Proceeds of Crime Act, legislation aimed at tackling
money laundering and
confiscating assets obtained through criminal activities.
The ideal candidate must be experienced in blockchain analysis and have in-depth knowledge of laws related to digital assets in the UK and globally. Additionally, the agency stated that the candidate must be a member of the police staff and an accredited financial investigator.
The latest development
is part of the UK’s efforts to regulate the rising cases of illegal activities
in the digital assets space. The CFCT conducts investigations for financial
crimes and works in partnership with the City of London Police.
On top of that, the NCA
announced at the beginning of the year that it was strengthening its efforts to
combat crimes in the cryptocurrency space by creating a special unit dubbed the National
Cyber Crime Unit (NCCU) Crypto Cell. NCA’s announcement followed the
introduction of the Economic Crime and Corporate Transparency Bill in the UK
Parliament to give law enforcement agencies more power to combat illegal crypto
activities.
UK’s Crypto Regulations
Some illegal activities related to digital assets in the
UK involve unlicensed operations of crypto ATMs. Finance
Magnates reported more
than two weeks ago that the Financial
Conduct Authority had
closed 26 illegal crypto ATMs since the beginning of the year. The FCA cautioned that unlicensed cryptocurrency ATMs contribute to
illegal activities such as money laundering .
The UK is only one of
the many countries strengthening their law enforcement agencies to combat
illegal crypto activities. South
Korea has launched a
special investigations unit to tackle the rising cases of crypto-related crimes
in the country. According to the South Korean Supreme Prosecutor’s Office, the
losses from such crimes increased by nearly 120% for the five years ending in 2022.
The UK’s law enforcement agency had advertised two
positions for the role of blockchain investigators to join the Complex
Financial Crime Team (CFCT). The step is part of the efforts to combat crimes
related to cryptocurrencies by the National Crime Agency (NCA).
The responsibilities in
the two advertised managerial positions include oversight of investigations of crimes
related to cryptocurrencies to ensure that investigations are done in
accordance with the Proceeds of Crime Act, legislation aimed at tackling
money laundering and
confiscating assets obtained through criminal activities.
The ideal candidate must be experienced in blockchain analysis and have in-depth knowledge of laws related to digital assets in the UK and globally. Additionally, the agency stated that the candidate must be a member of the police staff and an accredited financial investigator.
The latest development
is part of the UK’s efforts to regulate the rising cases of illegal activities
in the digital assets space. The CFCT conducts investigations for financial
crimes and works in partnership with the City of London Police.
On top of that, the NCA
announced at the beginning of the year that it was strengthening its efforts to
combat crimes in the cryptocurrency space by creating a special unit dubbed the National
Cyber Crime Unit (NCCU) Crypto Cell. NCA’s announcement followed the
introduction of the Economic Crime and Corporate Transparency Bill in the UK
Parliament to give law enforcement agencies more power to combat illegal crypto
activities.
UK’s Crypto Regulations
Some illegal activities related to digital assets in the
UK involve unlicensed operations of crypto ATMs. Finance
Magnates reported more
than two weeks ago that the Financial
Conduct Authority had
closed 26 illegal crypto ATMs since the beginning of the year. The FCA cautioned that unlicensed cryptocurrency ATMs contribute to
illegal activities such as money laundering .
The UK is only one of
the many countries strengthening their law enforcement agencies to combat
illegal crypto activities. South
Korea has launched a
special investigations unit to tackle the rising cases of crypto-related crimes
in the country. According to the South Korean Supreme Prosecutor’s Office, the
losses from such crimes increased by nearly 120% for the five years ending in 2022.
