The more than 40 officers who sat in for the recent Macao training were from the Criminal Investigation Department and the Gaming-related and Economic Crimes Investigation Department.
Top digital asset service provider Binance recently conducted its first in-person law enforcement training in collaboration with the Macao Judiciary Police in South China. The syllabus of the training included insights on how to combat cybercrime and financial fraud that involves cryptocurrencies. Much more, it was focused on explaining the roles of law enforcement officers in fighting this category of cyber fraud.
Collaborative Efforts to Combat Crypto Crimes
An invitation was extended to the crypto exchange by the police, marking a significant milestone in Binance’s vision to ink partnerships with law enforcement agencies globally. It reflects Binance’s commitment to ensuring security and regulatory compliance with the digital asset space.
Security agencies are also making intense efforts to ensure that cybercrimes involving cryptocurrencies are mitigated or eliminated.
“We are committed to combating digital-age criminal activities by enhancing our crime prevention strategies and professional training. Binance’s willingness to share insights on blockchain and virtual-asset investigations is invaluable, and we look forward to further cooperation,” a spokesperson from the Macao Judiciary Police stated.
During an earlier AMA session where Binance’s new CEO Richard Teng celebrated 200 million users, he mentioned that the exchange is keen on partnering with governments across different jurisdictions for crypto and blockchain awareness. Hence, it has dedicated its resources and efforts to enhancing security in the blockchain ecosystem and the wider digital space.
Notably, its training with the Macao Judiciary Police is not the first of such but the first offline version of such a program. Binance has constantly provided training programs to law enforcement agencies, empowering security personnel with the latest blockchain knowledge and investigation techniques as well as equipping them with the appropriate approach to tackle crypto scams.
Binance Organizes Multiple Online Trainings for Law Enforcement Personnel
In 2022, the Binance Global Law Enforcement Training Program was launched. It was aimed at helping law enforcement to “detect financial and cyber crimes and assist in the prosecution of bad actors who exploit digital assets”. Last year, the exchange held about 120 online trainings and seminars for law enforcement agencies worldwide.
In May 2024, Binance celebrated the first-ever online Law Enforcement Training Day, with over 1,300 law enforcement officers as participants. Once again, this reflects law enforcement agencies’ focus on combating digital asset-related crimes.
The more than 40 officers who sat in for the recent Macao training were from the Criminal Investigation Department and the Gaming-related and Economic Crimes Investigation Department. The training featured the Binance investigation team specialist Carlos Mak who led the training. Mak highlighted that:
“Deepening cooperation with global law enforcement underlies Binance’s commitment to protecting users and combating financial crime.”
While the overall effect of these collaborative efforts may not be often spoken of, it is worth noting that the advent of crypto crimes and attacks has seen a sizable drop year-over-year.
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