Georgian authorities strengthen their skills to deal with cryptocurrency risks by participating in training courses

It is reported that in the recent training course held in Tbilisi, Georgia, 20 law enforcement and government representatives strengthened their skills in identifying and investigating the illegal use of cryptocurrency and other virtual assets. The course was organized by the OSCE Coordinator of Economic and Environmental Activities (OCEEA) with the support of the United Nations Office on Drugs and Crime (UNODC).

Interpretation of this information:

The recent training course held in Tbilisi, Georgia, focused on providing law enforcement and government representatives with better skills for identifying and investigating the illegal use of cryptocurrency and other virtual assets. With the increased use of cryptocurrencies and other virtual assets in illegal activities, it has become imperative for law enforcement agencies to have the necessary skills and knowledge to detect and track these assets. The course was organized by the OSCE Coordinator of Economic and Environmental Activities with the support of the United Nations Office on Drugs and Crime.

The training program was aimed at providing participants with a comprehensive understanding of how virtual assets work and how they can be used for illegal activities. They were trained on different aspects of virtual assets such as blockchain technology, how cryptocurrencies work, how they are used for money laundering, and how they can be traced. Participants were also provided with practical training on how to identify and investigate cases involving virtual assets.

The training course signifies the growing need for law enforcement agencies to understand and handle complex crimes involving virtual assets effectively. It is essential for law enforcement agencies to be equipped with the necessary skills and knowledge to prevent the use of virtual assets for illegal activities such as money laundering, terrorism financing, and cybercrime. The training received by the participants is expected to improve their ability to investigate these crimes, thereby enhancing the prospects of successful law enforcement operations.

The course was organized with the support of the United Nations Office on Drugs and Crime, which emphasizes the importance of international cooperation and collaboration in the fight against crypto-related crimes. The UNODC and the OSCE Coordinator of Economic and Environmental Activities have been actively involved in organizing training courses and capacity building programs for law enforcement agencies across different countries.

To sum up, the recent training course held in Tbilisi, Georgia, emphasizes the growing need for capacity building in law enforcement agencies and their representatives to enhance their skills in identifying and investigating cases involving virtual assets. The course provided participants with practical training and a comprehensive understanding of virtual assets’ functioning, including blockchain technology and how cryptocurrencies can be used for illegal activities. The support received from the UNODC highlights the importance of international cooperation in tackling crypto-related crimes.