UNODC launches training to tackle money laundering and bitcoin banking fraud


May 8 2017

Banking fraud generates significant illicit financial flows and poses a serious threat to the national economies. In response to this phenomenon, UNODC has developed a world-leading Cryptocurrency Investigation Train-the-Trainers course and delivered, in recent weeks, the first courses on cryptocurrency investigation.

Law enforcement experts from 22 countries and UNODC regional staff participated in the Cryptocurrency Investigation Training course, and learned about the business profile and global ecosystem of cryptocurrencies, including Bitcoin and Ethereum. The practitioners got first-hand information about how to conduct bitcoin tracing as a part of a wider financial investigation, as leading law enforcement experts from the United States showcased how to plan bitcoins investigations, where to obtain information, and how to collaborate internationally on casework.