Global Conference on Criminal Finances and Cryptocurrencies

A ‘Working Group on Cryptocurrencies and Money Laundering’ was established in 2016 by the Interpol, Europol and the Basel Institute on Governance, to strengthen knowledge on virtual assets and cryptocurrencies.

The ‘Global Conference on Criminal Finances and Cryptocurrencies’ is the initiative of the working group.

4th Global Conference on Criminal Finances and Cryptocurrencies

  • Recently, the 4th edition of the Conference was held virtually and attended by over 2,000 representatives from 132 countries.
  • It was organized by Europol, Interpol, and the Basel Institute on Governance from November 18 to 19.
  • The Conference calls on countries to exchange tactical information and best practices regarding investigations in the field of cryptocurrency-facilitated crime and subsequent money laundering.
  • Other focus areas of the conference included ransomware and sextortion case studies, exploring criminal operations in the dark markets, and the transfer of drug proceeds using cryptocurrencies.

INTERPOL

INTERPOL is an international organisation headquartered in Lyon which helps in police cooperation and crime control worldwide. It has 194 member countries. It was formed in the year 1923. Each member country has an INTERPOL National Central Bureau (NCB). In India, CBI acts as the NCB.

EUROPOL

The European Union Agency for Law Enforcement Cooperation i.e. EUROPOL is the EU agency for law enforcement which was formed in 1998. It is headquartered in The Hague, Netherlands.

Basel Institute on Governance

The Basel Institute on Governance is a non-profit organisation that was established in 2003 to prevent and combat corruption and other financial crimes and to strengthen governance around the world. It is headquartered in Basel, Switzerland.