Europol, Interpol Unite to Combat Bitcoin Money Laundering
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....
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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....
Europol and Interpol have agreed to work together on issues related to the criminal use of digital currencies. The partnership became official during this year's Interpol - Europol Cybercrime Conference, an annual gathering of international law enforcement officials, held in The Hague. The event, Europol said, drew more than 350 attendees. According to a statement from Europol, the partnership will see coordination "against the abuse of virtual currencies for criminal transactions and money laundering". The statement said: "[The partnership] will include actions around policy, stimulating....
Law enforcement agencies from multiple countries, government agencies, and representatives of the private industry have convened this week for the first ‘Global Conference on Money Laundering and Digital Currencies; in Doha, Qatar. The focus of the conference is to discuss the threat of exploiting digital currencies for money laundering and terrorism financing. The three-day event began took place earlier this week (16-18 January). Organizers include the likes of international law enforcement agencies INTERPOL and Europol; the Basel Institute of Governance (a Swiss think tank) and; the....
It appears the global fight against Bitcoin money laundering has turned up a notch. Last week, more than 400 financial investigators from money laundering, cybercrime and financial intelligence units, as well as experts in asset recovery and relevant private sector representatives, met at the Global Conference on Countering Money Laundering and Digital Currencies in Qatar. Held from January 16 to 18, 2017, the event was organized by the Working Group on Virtual Currencies. This is a joint initiative of Europol, the law enforcement agency of the European Union; Interpol, an....
Europol has set up a working group combatting money laundering with digital currency. Experts say it’s good for the industry. On 9 Sept 2016, Europol announced the launch of a Bitcoin money laundering division in partnership with INTERPOL and the Basel Institute on Governance. The terms of reference. The announcement claims that the aims of this setup are to: Gather, analyse, and exchange non-operational information regarding the use of digital currencies as a means of money laundering, and the investigation and recovery of proceeds of crime stored in the same form. Organise annual....