Cryptocurrency exchange, Binance has launched its Global Law Enforcement Training Program to aid law enforcement agencies to battle financial and electronic crimes that involved crypto or digital assets.
According to Binance, the training programme will be led by a team of highly skilled professionals, including security experts and former law enforcement officers who helped take down criminal platforms such as Silkroad and Hydra.
The crypto exchange platform offers one-day training programs that include intensive in-person workshops on blockchain, cryptocurrencies, legal issues, and anti-money laundering policies.
Since 2021, Binance has been training its e-crime and cybercrime investigations team alongside different law enforcement officials from Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, UK, among others.
Tigran Gambaryan, Global Head of Intelligence and Investigations at Binance, said they created the Training Program due to demand from regulators and public law enforcement agencies interested in understanding and combating cryptocurrency-related crimes.
Currently, the Binance Investigations team has responded to more than 27,000 law enforcement requests in an average time of 3 days, “faster than any traditional financial institution,” according to Gambaryan.
Binance said its team can track and counter many types of e-crime, from financing terrorism and ransomware hacks to more violent crimes such as human trafficking and child pornography.
The company said, “Protecting users is our number one priority at Binance. We work hand-in-hand with law enforcement to track and trace suspected accounts and fraudulent activities, contributing to the fight against terrorism financing, ransomware, human trafficking, child pornography, and financial crimes,”
Changpeng Zhao (CZ), CEO of Binance, said on his Twitter account that the program is a novelty in the crypto industry and will serve to detect and prosecute all those criminals who try to take advantage of the vulnerabilities found in digital assets.
