132 countries attend 4th Global meet on criminal finances

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Representatives discuss cross-sector solutions against the criminal use of cryptocurrencies

Over 2,000 representatives from 132 countries attended the virtual 4th Global Conference on Criminal Finances and Cryptocurrencies organised by the Interpol, Europol and the Basel Institute on Governance from November 18 to 19.“Representatives from law enforcement and the judiciary, Financial Intelligence Units (FIUs), international organisations and the private sector have met virtually to shape international cross-sector solutions against the criminal use of cryptocurrencies,” said the Interpol.The conference is an initiative of the Working Group on Cryptocurrencies and Money Laundering established in 2016 by the three organisations, launched with an objective of strengthening knowledge, expertise and best practices for investigations into financial crimes and intelligence on virtual assets and cryptocurrencies.“Recent increases in the number and quality of investigations in the field of cryptocurrency-facilitated crime and subsequent money laundering means that law enforcement and other public entities are continuing to enhance their level of knowledge and expertise in this crime area. In this regard, the conference served as an opportunity to underline the need for countries and jurisdictions to increase the exchange of tactical information and best practices, so that lessons learnt by one entity can be useful to others,” it said.The conference …

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