In a joint effort, the Netherlands, the United States and the United Kingdom have worked together to support Ukrainian law enforcement in tackling the rise in crypto crime in the country.

Tool for Ukraine to analyze crypto

The training program, offered virtually, provides Ukrainian law enforcement officers with tools to combat money laundering, analyze fraudulent cryptocurrency transactions and increase the effectiveness of blockchain investigations, the statement said.

According to a latest statement The American Internal Revenue Service Criminal Investigation (CI) has collaborated with the Dutch Fiscal Information and Investigation Agency (FIOD) and Her Majesty’s Revenue and Customs (HMRC).

Second round of digital training

It aims to help Ukrainian law enforcement officers tackle crypto and blockchain fraud. About 40 Ukrainian law enforcement officers participated in the second round of virtual training focused on blockchain tracking.

This session builds on a collaboration between CI and Chainalysis in May, which focused on cybersecurity for Ukrainian authorities.

For this latest session, CI, FIOD and HMRC were joined by blockchain analysis companies CipherTrace and BlockTrace.

What is happening now? According to the United States, there are currently 30 investigations related to the sanctions imposed. However, by training international partners, such as Ukraine, it allows authorities to increase their efficiency in conducting criminal investigations.

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