The Cyber Security Review | Thursday, February 03, 2022
Crypto exchange major Binance has launched its global law enforcement training program to help authorities detect financially and cybercrimes and prosecute offenders.
FREMONT, CA: Major cryptocurrency exchange Binance has started a global law enforcement training program to aid in the detection and prosecution of financial and cybercrimes.
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The one-day in-person training course will cover the foundations of blockchain technology and cryptocurrencies, the changing legal and regulatory environment around digital assets, Binance's anti-money laundering policies and investigative criminal detection techniques.
The Binance Investigations team, established in November 2021, has led and participated in 30 workshops on the subject, instructing law enforcement in several nations, including South Korea, Canada, France, Brazil, the Philippines, and the UK.
According to the corporation, this devoted crew comprises former law enforcement and security personnel who have assisted in taking down illicit websites like Silk Road and Hydra.
Binance has obtained permissions and registrations in G7 nations France and Italy because of its strict anti-money laundering and compliance measures.
The team at Binance Investigations has responded to over 27,000 inquiries from law enforcement in an average of three days, which the company claims are quicker than any conventional financial institution.
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