US IRS provides blockchain and crypto tracking training to Ukrainian law enforcement
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The US 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 a virtual training for 50 Ukrainian police officers in April and plans to hold an in-person training in Germany for 20 officers this week and next week, according to a new press release.
The agency also donated licenses for the blockchain investigative software Chainalysis Reactor.
IRS-CI Chief Jim Lee says the training can help protect both the U.S. financial system and the global economy.
“Global financial crime often consists of complex webs of offshore holdings and anonymous transactions. These trainings help participants hone their digital investigative skills to trace the source of blockchain funds and reveal cryptocurrency transactions with cryptocurrency forensics tools.”
The IRS-CI trainings involve officers from the Cyber Police Department of the National Police of Ukraine, the Economic Security Agency of Ukraine, the Cyber and Information Security Department of the Security Service of Ukraine and the Prosecutor General’s Office of Ukraine.
Eduard Fedorov, acting director of the Economic Security Bureau of Ukraine, says it is important for Ukrainian law enforcement to identify all Russian assets in their country.
“We resist the aggressor state not only on the battlefield, but also on the economic front.”
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