Binance Launches Training Program For Law Enforcement Agencies:
The largest cryptocurrency exchange, Binance, has played several roles to keep the crypto space safe by combating financial crimes and assisting in the recovery of funds from users who have been victims of theft, scams, or hacks.
The giant company is moving and aiming further to conduct an E-crime training program.
This was announced by Binance On September 27, that the official launch of its “Global Law Enforcement Training Program,” is created to help law enforcement agencies combat financial and electronic crimes that involved crypto or digital assets.
According to the statement, the training program is led by a team of highly skilled professionals, including security experts and former law enforcement officers who helped take down criminal platforms such as Silkroad and Hydra.
Binance also offers one-day training programs that include intensive in-person learning on blockchain, cryptocurrencies, legal issues, and anti-money laundering policies.
Binance Combating Crypto Crimes
Since last year, Binance has been carrying out trainings for its own e-crime and cybercrime investigations team alongside different law enforcement officials from Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, UK, among others.
Tigran Gambaryan, Global Head of Intelligence and Investigations at Binance, said the main reason behind the launch of the Training Program is due to demand from regulators and public law enforcement agencies interested in understanding and combating cryptocurrency-related crimes.
Meanwhile, the Binance Investigations team has received more than 27,000 law enforcement requests in an average time of 3 days, “faster than any traditional financial institution,” according to Gambaryan.