National Crime Agency Takes Action Against Crypto Crime: Expands Investigation Team – Investor Bites

SNEAK PEEK

• The NCA plans to expand its digital assets investigation team to combat rising crypto-related crimes.
• Senior investigators will target high-end crypto fraud and money laundering in collaboration with law enforcement.
• Candidates must have specific qualifications for the critical roles, offering an attractive salary and benefits.

The United Kingdom’s National Crime Agency (NCA) is taking decisive steps to combat the rising tide of crypto-related crimes carried out by organized crime groups. In a bid to bolster its efforts, the NCA has announced its plans to expand its digital assets investigation team by hiring four senior investigators for its Complex Financial Crime Team.

These seasoned investigators will be tasked with delving into the realm of high-end crypto fraud, money laundering, and other blockchain-based criminal activities. Collaborating with a surveillance team and London police, they will work together to dismantle intricate networks of illicit crypto activities.

To be eligible for these critical roles, candidates must possess a current or active Professionalising Investigation Programme Level 2 accreditation or an equivalent government-issued qualification in investigative crime.

The remuneration for this role ranges from 34,672 pounds to 38,314 pounds, along with other civil service benefits, making it an attractive proposition for skilled investigators seeking to make a difference in the realm of financial crime.

The NCA’s increased focus on crypto assets comes in response to the alarming surge in crypto fraud in the U.K. in 2022. According to the U.K.’s reporting system for cybercrime and fraud, a staggering $287 million was pilfered by crypto scammers in that year alone. This significant loss of value has spurred the NCA to fortify its crypto team and establish the specialized digital assets unit on January 4th.

In addition to the senior investigators, the NCA is also actively seeking financial investigations managers to oversee crypto and digital assets crime investigations from a Proceeds of Crime Act perspective. This strategic approach involves confiscating and redirecting crime money for the benefit of the community, aiming to disrupt the funding sources of organized crime groups and curb their nefarious activities.

The agency’s persistent efforts to attract more manpower to its crypto team underscore the seriousness of the threat posed by crypto-related crimes. With the expansion of the Complex Financial Crime Team and the formation of the digital assets unit, the NCA is gearing up to tackle these challenges head-on.

By combining the expertise of experienced investigators, intelligence analysts, and collaboration with law enforcement agencies, the NCA is poised to develop robust cases against crypto criminals, leveraging data and evidence from multiple sources.

This proactive approach not only sends a clear message to the perpetrators but also reassures the public that the authorities are resolute in safeguarding their financial interests in the rapidly evolving landscape of cryptocurrency and blockchain technology. As the world grapples with the complexities of digital finance, the NCA’s commitment to combating crypto-related crimes is indeed a step in the right direction.

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• Source: https://investorbites.com/national-crime-agency-takes-action-against-crypto-crime-expands-investigation-team/