Partnering with Police in Addressing Crypto Crime

Cyber crime involving cryptocurrency presents new financial and judicial challenges worldwide. Often, law enforcement agencies are essential to the process of correctly identifying the perpetrators. To do so,  MyChargeBack employs the most advanced crypto technology available and employs a team of certified crypto forensic analysts. We have worked with law enforcement agencies and cyber crime units in the following countries and territories:

Australia, Austria, Bahrain, Belgium, Brunei Darussalam, Bulgaria, Cambodia, Canada, Cayman Islands, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Ireland, Israel, Italy, Japan, Republic of Korea, Lesotho, Lithuania, Luxembourg, Malaysia, Malta, Mexico, the Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Saudi Arabia, Seychelles, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, the United Arab Emirates, the United Kingdom, and the United States.

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Over 500 law enforcement agencies around the globe have interfaced with MyChargeBack. They do so because they have come to rely on the state-of-the-art forensic blockchain tools that MyChargeBack employs, as well as the analyses we compile that trace the path that cryptocurrency takes through the blockchain until it reaches the cash-out wallet.

MyChargeBack’s blockchain investigation reports have been accepted as evidence in court and are respected by police and prosecutors because they know that they will be honored in other jurisdictions as well. That is often a crucial benefit in proceeding with judicial proceedings that may involve citizens of and institutions in foreign countries.

With the rise of cryptocurrency, the establishment of cybercrime units in national law enforcement and financial regulatory agencies is rapidly becoming a universal practice and is the norm in all countries, and not just the industrialized ones. Projects such as the Global Action on Cybercrime Extended (GLACY+), for example, a joint initiative of the European Union and Council of Europe, has enabled  INTERPOL to strengthen the cyber capacity of 12 priority countries in Africa, Asia-Pacific, and Latin America, and the Caribbean.

Local police departments in major cities, especially those that are international and national commercial and banking centers, have followed suit and have cybercrime units of their own. But still, most of them do not have access to the type of sophisticated software solutions that MyChargeBack has at its disposal, which incorporate OSINT, CYBINT and FININT software, and certainly not the comprehensive proprietary databases that we have compiled as a result of the research we have conducted on behalf of thousands of clients in virtually every country. In fact, the repository of information we maintain has allowed us to solve multiple cases at once by cross indexing the results of a current investigation with those we have conducted in the past. This has proven to be an invaluable asset in a number of criminal cases.

Smaller jurisdictions, however, in particular in rural areas, face a much different challenge in confronting cases involving cryptocurrency. That is because their police departments may not be sufficiently staffed or trained to maintain a separate staff and command structure dedicated solely to cybercrime. In such instances, MyChargeBack can provide critical support through long-distance training in order to educate the existing staff how to process criminal complaints regarding cryptocurrency scams and other cybercrimes, as well as supply the forensic blockchain analysis that is required in order to conduct a proper investigation. 

If you represent a police force that has not yet partnered with MyChargeBack, we extend an open invitation to contact us to discuss how we can assist your own organization in addressing any of these issues.

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