Armenian Officials Trained on Essential Techniques and Tools for Effective Crypto-Crime Investigations
A group of Armenian officials from various law enforcement agencies have been trained on crypto-asset investigations to combat crypto-related crimes.
The training was conducted by the Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA), in collaboration with the United Nations Office on Drugs and Crime (UNODC), the OSCE said in a Friday press release .
The training, held in Yerevan from April 24 to 26, brought together 27 representatives from various law enforcement agencies.
Over the course of three days, participants immersed themselves in learning fundamental techniques and practical tools crucial for conducting effective investigations into crypto-crimes.
“Drawing from real-world cases, sessions delved into basic methods for tracing criminal transactions across diverse blockchain networks,” per the announcement.
The training also provided a platform for the exchange of good practices among the participants, who gained valuable insights into specialized analytics software and open-source tools relevant to the field.
These tools empower investigators to trace transactions conducted on different blockchains, assess the risks associated with specific addresses and exposure to illicit funds, and identify clusters of various transactions, among other capabilities.
“In the ever-changing landscape of financial technology, it is crucial for Armenia to strengthen its domestic law enforcement capabilities, particularly in the realm of investigating and tracing virtual assets,” Kurban Babayev, economic adviser at OCEEA, said.
“The OSCE remains committed to aiding Armenia in its endeavors to tackle money laundering, especially in the sphere of virtual assets and cryptocurrencies.”
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