According to reports, Twenty-seven Georgian supervisory and law enforcement representatives gathered for a training course organized from October 17 to October 20 in Tbilisi, Georgia. The course focused on strengthening skills in identifying and investigating cryptocurrency crimes and other financial frauds. The training course was organized by the Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA), in collaboration with the United Nations Office on Drugs and Crime (UNODC).
The Office of the Co-ordinator of OSCE Economic and Environmental Activities is an organization that addresses security-related economic and environmental issues as a part of its comprehensive approach to security. On the other hand, the United Nations Office on Drugs and Crimes is an organization that fights against illicit drugs and international crimes. In addition to this, the UNODC is also responsible for implementing the United Nations-led program on terrorism.
According to Vera Strobachova-Budway, the acting Senior Economic officer at OCEEA, Georgia is emerging as a vital partner and beneficiary for the training course as the dedication and interest portrayed by the country in these training courses is relatively high.
In addition to this, Vera added that this is the second training on the investigation of virtual assets for the Georgian authorities, and the OSCE will continue to jack up Georgia’s efforts to combat and eradicate illicit money laundering activities, particularly through virtual assets and cryptocurrencies.
The course encompasses advanced techniques and practical tools that aid government officials in investigating financial crimes committed via Virtual Assets. The tools include advanced tracing of criminal transactions on different blockchains and case studies while also providing familiarization with specialized analytics software.
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Some of the key investors in the project include the United States, the United Kingdom, Germany, Romania, and Poland.
The training course is a sub-division of an OSCE-led extra-budgetary project on “Innovative Policy Solutions to mitigate money-laundering risks of virtual assets.”
The main motive behind setting up a project like this is to underpin the governments of Georgia, Moldova, and Ukraine in enhancing national authorities’ capabilities to alleviate criminal risks revolving around virtual assets and crypto scams. Moreover, the course also empowers them with analytical software to trace virtual assets through various blockchains.
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