Key takeaways:
- The NCA of the UK plans to increase the size of its investigation team for digital assets by adding four senior investigators to its Complex Financial Crime Team.
- The UK has been working on setting up a squad of investigators specializing in illegal crypto activity.
The National Crime Agency (NCA) of the United Kingdom plans to increase the size of its investigation team for digital assets by adding four senior investigators to its Complex Financial Crime Team (CFCT) to focus on offenses involving cryptocurrencies.
The job entails investigating sophisticated cryptocurrency fraud, money laundering, and other blockchain-based crimes organized crime organizations commit. The detectives will collaborate with the London police and a surveillance squad.
In order to develop complicated cases using data and evidence from numerous sources, the function entails coordinating with other investigators, intelligence team members, and analytical team members.
Professionalizing Investigation Programme Level 2 (PIP2) accreditation, or any other qualification in investigative crime provided by a government agency, is required for the post. In addition to various civil service perks, the position offers a salary of £34,672 to £38,314 ($44,145 to $48,782.92).
The UK has been working on setting up a squad of investigators specializing in illegal crypto activity. The NCA established its digital assets team on January 4, emphasizing cryptocurrency assets more. A surge in value lost to cryptocurrency fraud in the UK in 2022 served as the impetus for the creation of the unit. The UK’s reporting system for cybercrime and fraud estimates that at least $287 million was stolen by cryptocurrency scammers in 2022.
The NCA has been working hard to bolster the size of its crypto unit. The NCA also announced on July 26 that it was hiring managers for financial investigations. From the standpoint of the Proceeds of Crime Act (POCA), which is concerned with seizing and redistributing criminal proceeds for the good of the community, these investigators will be in charge of crypto and digital asset crime investigations.
The US Department of Justice (DoJ) also recently decided to expand its crypto-crime section by doubling its size. The statements Nicole Argentieri made at the Center for Strategic and International Studies have been made public by the DOJ.
