Ukraine Officials Trained In Tracing Crypto Transactions

Ukrainian officials received training on using specialized analytics tools to track crypto transactions across several blockchains. A training session on investigating modern financial crimes was conducted in Vienna, Austria, from Nov 14 to Nov 17 for 14 Ukrainian officials.

The Organization for Se­curity and Co-operation in Europe (OSCE) shared a re­port. It said some Ukrainian officials learned advanced ways to investigate financial crimes linked to digital assets.

Meanwhile, OSCE comprises 57 participating nations spanning Europe, Asia, and North America, united in their commitment to addressing global security and other related issues. However, the Office of the Co-Ordinator of OSCE Economic and Environmental Activities arranged the training program in collaboration with the United Nations Office on Drugs and Crime.

Participants of the advanced training on virtual asset and crypto investigations in Vienna (OSCE). Source:

Ukraine’s resilience against financial crimes, including money laundering, was strengthened by the training session, according to Ralf Ernst, acting co-ordinator of OSCE economic and environmental activities. He added:

The increasing utilization of virtual assets and cryptocurrencies in Ukraine necessitates reinforcing law enforcement and supervisory organizations capabilities.

OSCE’s Innovative Anti-Crypto Initiative: Strengthening Ukraine’s Defenses Against Financial Crimes

Ernst said that past Ukraine officials underwent similar training on crypto tracing and anti-money laundering processes. OSCE would further offer aid and support in assisting Ukraine in addressing such concerns by using this initiative under the guise of ”innovative anti.

In addition, the USA, UK, Germany, Romania, and Poland support this project, which directly assists government agencies in reducing criminal threats of digital money and crypto.

Ukraine faces increasing challenges from the use of virtual assets and cryptocurrencies for money laundering and other illicit activities. However, the training session strengthened Ukraine’s resilience and capabilities in law discharge and supervision of such transactions.

Furthermore, the training session came after Tether, a stablecoin issuer, collaborated with Ukrainian and Israeli authorities to freeze 32 suspect addresses linked to terrorists. Paolo Arduino, the CEO of Tether, claimed that cryptocurrencies are the most transparent and traceable asset class.

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