The U.S. Internal Revenue Service (IRS) is providing Ukrainian law enforcement agencies with tools and training to help them analyze the blockchain and track crypto assets held by sanctioned Russian oligarchs.
The IRS Criminal Investigation Agency (IRS-CI) conducted virtual training for 50 Ukrainian law enforcement officers in April and plans to conduct in-person training in Germany for 20 officers this week and next week, according to a new press release.
The agency also licensed the blockchain forensics software Chainalysis Reactor.
IRS CI Chief Jim Lee says the training could help protect both the US financial system and the global economy.
“Global financial crimes often consist of complex networks of offshore holding companies and anonymous transactions. These trainings help participants sharpen their digital investigative skills to trace the source of blockchain funds and expose cryptocurrency transactions with cryptocurrency forensic tools.”
The IRS-CI trainings involve officers from the Cyber Police of the National Police of Ukraine, the Bureau of Economic Security of Ukraine, the Cyber and Information Security Department of the Security Service of Ukraine, and the Prosecutor’s Office of the Prosecutor General of Ukraine.
Eduard Fedorov, the acting director of Ukraine’s Economic Security Bureau, says it is important for Ukrainian law enforcement to identify all Russian assets in their country.
“We oppose the aggressor state not only on the battlefield, but also on the economic front.”
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