Under the framework of CRIMJUST and through the Global Programme against Money-Laundering Programme (GPML), the UNODC and the Ministry of Security in Argentina collaboratively held a 2-day cryptocurrency investigation training from 7-8 June 2018.
The aim of this computer-based course was to enhance the understanding of cryptocurrencies and to increase the ability to conduct bitcoin tracing for financial analysis and investigative purposes in the represented National agencies. Participants included investigators from law enforcement (including counter-narcotics units) and financial intelligence units.
The investigation course was a first step in providing investigators and prosecutors with methods and tools to answer the phenomenon of cryptocurrencies, such as Bitcoin, which are increasingly used to launder criminal proceeds, especially from drug trafficking.
During the training, participants from Argentina and Peru had the opportunity to operate with real Bitcoin transactions. Through this element, the participants gained understanding on using investigation tools for Bitcoin transactions and how to analyse blockchains. A consequent part of the training was dedicated to practical exercises of Bitcoin tracing on Chainalysis Reactor, one of the leading software in this field.
According to most of the participants, the training course expanded their knowledge on the connection between the deep web, cryptocurrencies and organised crime. They also suggested similar advanced initiatives to deliver an in-depth analysis on the use of available software/tools related to cryptocurrency tracing.