European Commission: "To fight organized crime, you need to track cryptocurrencies" – Bits Media

According to the report of the European Commission, organized crime is increasingly using new technologies for their activities, including digital currencies.

The report highlights, that for the fight against organized crime, law enforcement agencies Europe needs to be on the tip of new technologies. Criminals constantly use cryptocurrencies, Darking and viruses for receiving money, And you need to deal with this.

“In order to detect and persecute organized crime, investigators need to identify suspicious online activity, Track criminal transactions with virtual currencies, compare information and understand, What they found, since the data can be encrypted. It is necessary to save the data and provide it as evidence in court ", - noted in the document.

At the same time, the authors of the report note, that despite the development of legislation, Law enforcement agencies can only detect a small part of the crimes in the field of money laundering, And nothing 1% laundered money confiscates. This is facilitated by the development of new financial technologies, Including cryptocurrencies, which are poorly controlled by banks and regulators.

“The fight against organized crime in digital space should be coordinated. We need to develop new tools and conduct training employees, exchange information, gain access to resources for the sale of illegal goods and services, and close such resources ", - conclude the authors of the report.

Recall, that at the end of March the president of the International Bank of Settlements Agustin Karstens (Agustin Carstens) He called on regulators around the world to tighten control over cryptocurrencies, Since they are an instrument for bypassing financial legislation.