Binance, the leading global crypto exchange, has sent its leading cryptocurrency crime experts to assist law enforcement authorities across Africa in dealing with cyber crimes related to cryptocurrencies and blockchain.
Nils Andersen Röed and Jarek Jakubcek, who formerly worked as investigators at Europol, were recently in South Africa and Nigeria to train local regulators and authorities on the ever-evolving tricks of crypto criminals.
In Nigeria, the experts conducted a seminar attended by:
- Law enforcement officers
- Financial analysts
- Financial crimes experts
The seminar focused on:
- Digital asset trends
- Investigative techniques, and
- Preventive measures against crypto-related crimes
According to the experts, Binance is helping local officers with the skills and know-how for investigating cryptocurrency-related crimes while also educating the general public that is trading crypto to not fall victim to crimes.
Nils Andersen Röed, Head of Law Enforcement Training, Binance, highlighted:
“For several years, Binance has significantly aided users affected by theft, scams, or hacks in the crypto industry. Now, with an e-crime training program, our ambitions are even higher.”
As reported by BitKE, since 2022, Binance has been conducting training workshops on how to deal with crypto crimes such as money laundering, ransomware, and attacks by nation-states across the world with the exception of Africa.
“Engaging with prosecutors across Africa, supported by law enforcement agencies, Binance is dedicated to safeguarding user assets and contributing to a safer virtual asset ecosystem across the continent,” emphasized Jarek Jakubcek, Head of Law Enforcement Training at Binance.
According to Binance, the ability of the blockchain to track the flow of funds is instrumental to law enforcement.
Binance, which recently admitted to being a conduit for money laundering, unlicensed money transmitting, and sanctions violations, has assisted law enforcement officials from the U.S, and other countries to solve crimes committed by Lazarus, a North Korean hacker team, and other crimes occurring on Hydra, an illegal internet marketplace that was shut down in April 2022.
According to the officials, however, the increasing adoption of cryptocurrencies has seen such sophisticated crimes become less common in their work. Instead, they are often dealing with investment-related crimes.
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