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OSCE Joins Hands With Law-Enforcement Agencies To Tackle Illicit Use Of Cryptocurrencies

Jyoti Singh by Jyoti Singh - 05:36 PM Feb 21, 2020
OSCE Joins Hands With Law-Enforcement Agencies To Tackle Illicit Use Of Cryptocurrencies

The Strategic Police Matters Unit (SPMU) of the OSCE Transnational Threat Department organized a five-day training program for law-enforcement agencies so that they could deal with the new psychoactive substances facilitated by Darkweb. The training program which concluded on February 21, 2020, was organized in Almaty, Kazakhstan.

The Central Asian Regional Information and Coordination Centre (CARICC) and the Nizhniy Novgorod Academy of the Ministry of the Interior of Russia also supported the program.

Participant Countries

As per the reports, the participants from Azerbaijan, Kazakhstan, Kyrgyzstan, the Russian Federation, Tajikistan, Turkmenistan, Uzbekistan and Mongolia were taught different techniques so that they could identify websites with malicious content and also could understand the functioning of Darkweb. They (participants) also learn how the Darkweb was using cryptocurrencies to facilitate drug-related or other crimes.

While talking about the training program, the Director of CARICC, Rustam Aziz Miralizoda said,
“The misuse of the Darkweb and cryptocurrencies represent an emerging challenge for the law enforcement of the CARICC Member states and it should be addressed through enhanced regional co-operation and international support.”

Darkweb Becomes a Threat For Countries

Recently, the Police Affairs Officer on Combating Illicit Drugs at the SPMU, Eduard Lokotunin, has said that the new psychoactive substances were a threat for the States that participated in the training program. Lokotunin mentioned that some of the criminals on the Darkweb have been using the information and communication technologies for drug-related crimes. OSCE along with other relevant organization would assist Central Asia law enforcement agencies to tackle the problem of Darkweb.

A few weeks ago, Chainalysis did research on the Darkweb market and found that the volume of cryptocurrency flows in the market have been doubled. The report by Chainanlysis stated that after seeing a small fall in the year 2018, the market sale of cryptocurrencies grew 70 percent in the darknet market in the year 2019.

About The Author
Jyoti Singh

Jyoti SinghGraduated from GGSIPU and did PG Diploma in English Journalism from IIMC. Last worked at Business News and Information Services Ltd. for more than one and a half years as a sub-editor.

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