Crystal Intelligence’s Post

💡Which approach is better for addressing crime and sanctions (see more below) 👇 🔸Tether USDT - reactionary but will immediately freeze accounts when instructed directly by law enforcement or added to OFAC list. Target customers are emerging markets and regions outside the United States. 🔸Circle USDC - strives to be compliant with regulators and operates within a regulatory framework that is lacking due to laws and clarity from regulators. Freezing accounts goes through the legal framework and judicial process which can result in lengthy delays in freezing accounts. Customers are primarily in US and other developed countries. Your thoughts in the comments below 👇 #USDC #USDT #cybercrime #OFAC #lawenforcement #crime #law

Thank you to TRM Labs for creating such an impactful platform. Join us for monthly sessions where experts from TRM Labs and law enforcement speakers from around the world present investigative strategies, trends, and best practices for mitigating illicit use of virtual currency. Let's continue to make strides in securing and legitimizing the use of digital currencies! #TRMLabs #Leolabs #VirtualCurrency #CyberSecurity #BlockchainTechnology #Innovation

Cryptocurrencies, with their decentralized and pseudonymous nature, have become a preferred avenue for certain illicit activities. Money laundering, fraud, and other financial crimes find refuge in the anonymity offered by blockchain transactions. As a result, the need for robust regulatory measures and effective enforcement mechanisms has become imperative to maintain trust and security in the crypto sphere. Enforcement agencies are also ramping up efforts to tackle crypto-related crimes by leveraging advanced analytics and investigative tools which provides insights into blockchain transactions, helping authorities track and combat illicit activities.

▶ #Drug raid discovers #hardwarewallet with 80+ #BTC ▶ Wallet drained before #police could access it (thought to be by the #criminal org initially) ▶ Forensic tracing links wallet activity to #federal agent who cleaned it out. With every day, #lawenforcement is getting better with #crypto...for both good and bad it seems. When stories like this hit the news, you know that mainstream #adoption is getting closer and closer. https://lnkd.in/gph5-Ymh

Scams like this are becoming prevalent in Utah. Fraud has far reaching implications, harsher punishments need to be implemented. If you can’t afford to live after working all your life to retire happily, to lose it to someone you thought was friend or lover? Could you keep it together? People are taking their lives and social media along with cryptocurrency are playgrounds for fraud.

PROBLEM There are no police ombudsman or a  police oversight body in Australia that meets international standards for an effective independent complaints system. SOLUTION AI-Blockchain powered+managed Police Oversight & Complaints System  #ai #blockchain #vicpol #vicgov #policeoversight #integrity #australia #ibac #misconduct  

Open source intelligence (OSINT) methods have the potential to save billions annually by aiding in the investigation of various types of financial crimes. It can be leveraged to uncover hidden assets, track cryptocurrency transactions, and investigate individuals and organizations involved in activities such as tax evasion, embezzlement, money laundering, and cybercrime. https://lnkd.in/gh3R4iUt #OSINT #financialcrime

Did you know that #crypto companies were slapped with over $5.8 billion in fines in 2023 for failing to meet AML requirements? 😳 Criminals are always looking for new ways to slip through the cracks. Want to know how to protect your platform and stay compliant? Read the our guide. 👇 https://lnkd.in/dCHTpwAj Let's stop fines before they stop you. 🚫 Request a demo today. https://lnkd.in/d_-puTRU

Nick Pailthorpe is truly a wealth of information regarding safe communication with law enforcement. If your company receives civil or criminal legal inquiries, it can be hard to confidently reply to these legal processes in a timely manner. Check out our recent blog post below, or shoot me a message if you'd like to learn more about what we're doing to empower teams and ensure safety.

I just listened to a fireside chat with Michael Gronager (Chainalysis CEO) and Dante Disparte (Circle Chief Strategy Officer) on crypto crime and compliance. It's fascinating to see how crypto is evolving from a niche technology to a mainstream economic tool. The increased institutional involvement and focus on compliance could also be key to crypto's growth potential in the global financial system. So, let’s move on from agonizing over regulatory compliance to making the best use of compliance to create a more efficient economy. Original discussion: https://lnkd.in/gsGXZGnY (A shout out to SCB 10X for organizing such a great conference!) My notes: 🔍1. Crypto's transparency allows us to see the economy more clearly: This visibility lets us observe all types of transactions, making it a great tool for gauging crime levels more accurately. 📱2. Better tech ≠ More crime: Like CCTV and mobile phones, blockchain technology enables better monitoring. Hence, we’re not necessarily seeing more crime; we're just able to detect it more efficiently. 🏦 3. Institutional players are the new privacy guardians: Similar to traditional banks, crypto institutions will increasingly provide privacy in transactions. This shift will be crucial as more institutional investors enter the market. 📈4. Stablecoins are driving institutional adoption: With 70% of blockchain movements, stablecoins are playing an important role in cross-border transactions. This trend is likely to accelerate in the upcoming bull market. 💹 5. Crypto as a proxy for the real economy: As institutional involvement grows, the crypto economy increasingly reflects real-world economic trends. This makes it an invaluable tool for economic analysis. 🌐 6. Flipping the script on crypto's reputation: Contrary to its "bad guy" image, the transparency of the crypto market actually would enable powerful monitoring and solving of international crimes. #Crypto #Compliance #FinTech #BlockchainTransparency