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America Immigration and Customs Enforcement (ICE) has revealed the existence of a Cryptocurrency Intelligence Program (CIP) within the company’s 2021 funds proposal.
The proposal states that the CIP seeks to establish unlicensed capital flows going down throughout peer-to-peer (P2P) marketplaces, on-line boards, and darknet markets. The CIP was developed by ICE’s Bulk Money Smuggling Heart (BCSC).
“The BCSC has developed a Cryptocurrency Intelligence Program (CIP) which identifies unlicensed cash companies companies within the type of impartial cryptocurrency brokers’ use of peer-to-peer (P2P) websites, on-line boards and categorized ads, and darknet markets (DNM) to interact in unlicensed cash companies companies (MSB) exercise.”
ICE targets cash laundering and opioid trafficking on the darkish internet
ICE states that “a big portion” unlicensed MSBs working with cryptocurrency on darknet markets and P2P marketplaces are engaged within the laundering of narcotics proceeds.
The company provides that it has elevated its coaching and cyber analytics capabilities for “cyber investigations concentrating on darknet illicit marketplaces the place fentanyl and chemical precursors are sometimes offered.”
Darknet markets have been a goal of quite a few ICE enforcement actions lately, with ICE brokers receiving “superior darknet coaching” since not less than September 2019.
ICE partnered with the U.S. Drug Enforcement Administration in mid-2017 to conduct a year-long nationwide investigation concentrating on darknet distributors, resulting in over 35 arrests. ICE additionally executed a week-long internationally coordinated motion throughout October 2016.
France and Austria collaborate on blockchain forensics
The revelation of ICE’s Cryptocurrency Investigations Program amid growing efforts to crack down on darknet exercise globally.
On Feb. 25, the government-owned Austrian Institute of Know-how introduced it had partnered with French blockchain safety firm NIGMA Conseil to collaborate on blockchain forensics.
The businesses are working to offer blockchain forensics companies to governments and companies, together with darkish internet scraping and pockets clustering.
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