Chapter 11Cybercrime Task Force
The Cryptocurrency Intelligence Program
The Immigration and Customs Enforcement, or ICE, is the principal criminal investigative agency within the US Department of Homeland Security, which developed a new technique to track unlicensed crypto activity. ICE enforces more than 400 federal statutes that target darknet markets to combat the illegal movement of crypto funds with the help of agents who have been receiving “advanced darknet training” since at least September 2019. The ICE revealed the existence of a Cryptocurrency Intelligence Program (CIP) in the agency's 2021 budget proposal.
The proposal states that the program will seek to identify unlicensed crypto capital flows taking place across peer‐to‐peer marketplaces, online forums, crypto exchanges, blockchain‐based mobile devices, and darknet markets.
The CIP was developed by the ICE's Bulk Cash Smuggling Center, which identifies, investigates, and disrupts cryptocurrency smuggling activities around the world.1
Cyber Fraud Task Force
In recent years, cyber and traditional finance crimes have been intersecting at pace, particularly since the start of the COVID‐19 pandemic. In an effort to address the growing issue, the US Secret Service merged its Electronic Crimes Task Force and Financial Crimes Task Force into a single unified network dubbed the Cyber Fraud Task Force, with offices in both the United States and Europe.
The Cyber Fraud Task Force, or CFTF, was created by Washington lawmakers ...
Get Sustainably Investing in Digital Assets Globally now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
