The UK’s National Crime Agency (NCA) is taking significant steps to combat digital crimes involving cryptocurrencies by expanding its digital assets investigation team.
To bolster their efforts, the agency plans to hire four senior investigators for its Complex Financial Crime Team, dedicated to tackling crypto-related crimes.
The primary focus of these investigators will be on probing high-end crypto fraud, money laundering, and other blockchain-based criminal activities orchestrated by organized crime groups.
Collaborating closely with a surveillance team and the London police, they will gather crucial evidence and data from various sources to develop intricate cases.
For aspiring candidates, the position necessitates possessing a current or active Professionalising Investigation Programme Level 2 accreditation or an equivalent government-issued qualification in investigative crime.
Successful candidates can expect a salary ranging from 34,672 pounds to 38,314 pounds ($44,145 to $48,782.92) along with other civil service benefits.
The United Kingdom has been persistent in its endeavors to establish a specialized investigative team focusing on illicit crypto activities.
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On January 4, the NCA launched its digital assets team, emphasizing an increased emphasis on crypto assets.
The creation of this unit was prompted by the alarming increase in losses due to crypto fraud in the UK during 2022.
According to the UK’s reporting system for cybercrime and fraud, crypto scammers managed to steal at least $287 million in the said year.
To further strengthen their efforts, the NCA has been actively seeking additional manpower for its crypto team.
In particular, on July 26, the agency also announced its search for financial investigations managers.
These managers will be responsible for overseeing crypto and digital assets crime investigations with a focus on the Proceeds of Crime Act.
The Act pertains to the process of confiscating and redirecting crime-derived funds for the betterment of the community.
By expanding their digital assets investigation team and investing in specialized personnel, the NCA aims to stay ahead of the ever-evolving landscape of crypto-related crimes.
With a dedicated focus on disrupting organized crime groups involved in high-end crypto fraud and money laundering, the agency hopes to curb the impact of cybercriminals in the financial sector.
As the UK continues to grapple with the challenges posed by cryptocurrency crimes, the NCA remains committed to safeguarding the interests of its citizens and the integrity of the nation’s financial system.
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