Financial Crime World

Title: Armenian Law Enforcement Agents Sharpen Crypto-Crime Investigation Skills in Yerevan

In an effort to bolster their capabilities in investigating financial crimes involving cryptocurrencies, Armenian law enforcement agents recently partook in a three-day intensive training session in Yerevan 1. This collaborative effort was led by the Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA) in partnership with the United Nations Office on Drugs and Crime (UNODC) 2.

Participants: The training welcomed 27 participants from various Armenian agencies to delve into fundamental techniques and practical tools for proficient investigations into crypto-related offenses 3.

Comprehensive Training Agenda

The training agenda covered a wide range of topics 4:

  • Learning methods to trace illicit transactions: Participants were taught various techniques for tracing transactions across multiple blockchain networks 5.
  • Best practices sharing: Agencies shared best practices and approaches to mitigate risks associated with virtual assets and cryptocurrencies 6.
  • Insights into specialized analytics software and open-source tools: Training attendees gained knowledge on essential software and open-source tools vital for crypto crime investigations 7.

Strengthening Domestic Law Enforcement Capabilities

By enhancing their skills set in this domain, Armenian law enforcement agencies aim to strengthen their domestic law enforcement capabilities, enabling them to more effectively probe and track virtual assets 8.

International Support

The training was supported by several countries, including Germany, Italy, and the United States 9. This collaborative effort forms part of an OSCE-led project designed to assist participating states in building national capacities to address risks associated with virtual assets and cryptocurrencies 10.

Global Demand for Crypto Investigation Skills

The drive to equip law enforcement professionals with crypto investigation skills is gaining momentum globally 11. For instance, India recently announced its own training programs focusing on cryptocurrency forensics 12.

Addressing the Lack of Skills and Technology

A survey revealed that the majority of law enforcement personnel lack the necessary skills and technology to successfully investigate crypto-related crimes 13. Initiatives such as the training in Yerevan contribute significantly to remedying this issue by empowering law enforcement agencies to navigate the intricacies of the digital financial landscape 14.

  1. [Link to source 1] ↩︎

  2. [Link to source 2] ↩︎

  3. [Link to source 3] ↩︎

  4. [Link to source 4] ↩︎

  5. [Link to source 5] ↩︎

  6. [Link to source 6] ↩︎

  7. [Link to source 7] ↩︎

  8. [Link to source 8] ↩︎

  9. [Link to source 9] ↩︎

  10. [Link to source 10] ↩︎

  11. [Link to source 11] ↩︎

  12. [Link to source 12] ↩︎

  13. [Link to source 13] ↩︎

  14. [Link to source 14] ↩︎