Europol Calls For Increased Powers For Police to Identify Bitcoin-Related Money Laundering
Europol, the European Union's law enforcement agency that deals with criminal intelligence is calling for police to be given additional powers when it comes to identifying wrong-doers, particular those who are laundering money using bitcoin and other digital currencies. "We're seeing that virtual currencies are being used as an instrument to facilitate crime, particularly in regard to the laundering of illicit profits," said Rob Wainwright, director at Europol, at a nuclear security conference in The Hague, Netherlands. Europol doesn't have their own policing powers, but they say that....
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Europol, the European Union's top law enforcement agency in charge of criminal intelligence, is urging legislators to provide law enforcement with greater powers to identify criminal activities online, including digital money laundering. Europol is not a law enforcement agency in the traditional sense, but rather furnishes EU law enforcement agencies with support, including intelligence, information exchange, expertise and training. The organisation launched the European Cybercrime Centre last year, and one of its goals is to target organised groups that make their money online. Digital....
In an effort to tackle money laundering through virtual currencies like bitcoin, two prominent law enforcement agencies – Europol and Interpol have announced the establishment of a working group. An announcement from late last week has confirmed the establishment of a new working group looking into money laundering with digital currencies. The group is established through a tripartite partnership between Europol – the criminal intelligence agency of the European Union; INTERPOL, a prominent intergovernmental organization that facilitates international police cooperation and; the Basel....
The European Union’s law enforcement agency, Europol, announced the establishment of a working group on money laundering with digital currencies. This is a “tripartite partnership” with the International Criminal Police Organization (INTERPOL) and the Basel Institute on Governance. The Aim of the Europol-Interpol Working Group. The working group aims to....
Bitcoin has been referred to as a tool that makes it easier for terrorist groups to acquire funding. The recently-acquired enhanced cyber powers by Europol may be used to crack down on Bitcoin and blockchain. In this day and age of digital information and online connectivity, it is hard for law enforcement agencies to sniff out culprits in a convenient....
Europol worked with Spain’s Civil Guard and Catalan police to arrest six suspects aged in connection with the scheme.