Binance Empowers Sri Lankan Law Enforcement with Cryptocurrency Investigation Training
Main Takeaways
Binance’s Financial Crime Compliance (FCC) team conducted an extensive cryptocurrency investigation training for the officers of Sri Lanka’s Financial Intelligence Unit and other key law enforcement agencies.
The session took place at the Training Center of the Central Bank of Sri Lanka, with key stakeholders, including FIU and relevant departments from Sri Lanka Police, attending in person.
The training included hands-on sessions focused on investigation techniques for tracing illicit transactions, identifying malicious actors, and understanding the blockchain ecosystem, and featured real-world case studies from Binance’s extensive practice.
Committed to enhancing cybersecurity and combat financial crimes globally, the Binance Financial Crime Compliance (FCC) team has recently delivered an insightful cryptocurrency investigation training for the Financial Intelligence Unit of Sri Lanka (FIU) as well as the Cybercrime Investigation Division, Computer Crime Investigation Division and Financial & Commercial Crime Investigation Division of the Criminal Investigation Department of Sri Lanka Police. Held at the Centre for Banking Studies of the Central Bank of Sri Lanka in Colombo, this session marked a significant step in strengthening Sri Lankan law enforcement agencies’ capacity to effectively tackle cryptocurrency-related crimes.
The training session focused on practical techniques for cryptocurrency investigations, incorporating real-world case studies from Binance’s extensive experience in the field.
Participants received an informative training that equipped them with skills to trace illicit transactions, identify malicious actors, and navigate the complexities of the digital blockchain ecosystem.
Leadership and Collaboration
Under the leadership of Jarek Jakubcek, Head of Law Enforcement Training at Binance, the session emphasized the critical role of collaboration and knowledge-sharing in the battle against cybercrime.
Jarek emphasized,“By working together and sharing our experience, we can create a safer digital environment and more effectively combat the threat of cryptocurrency-related crimes. We are grateful to Sri Lankan FIU for hosting the event and inviting the participants from their organization and relevant departments of Sri Lankan Police.”
Feedback from Participants
A representative from the Financial Intelligence Unit of Sri Lanka (FIU) remarked on the training’s impact, “This session has significantly strengthened our team for cryptocurrency analysis and investigations with real-world examples and has provided us with valuable insights that will undoubtedly aid our efforts in combating digital crimes.”
Ferdinando D.P., APAC investigation specialist at Binance and co-trainer for the session, emphasized, "Training sessions like these are crucial in empowering law enforcement agencies with the necessary understanding to combat cryptocurrency crimes. Our goal is to provide practical, real-world insights that can make a tangible difference in their investigative efforts."
Future Initiatives
Through these collaborative training initiatives, Binance is committed to furthering its collaboration with Sri Lankan and global law enforcement agencies and providing ongoing support for their investigative efforts. Future initiatives will likely include specialized workshops and practical sessions tailored to the unique needs of Sri Lanka’s cybercrime units.
In 2023 alone, the Binance training team delivered over 120 training sessions worldwide, empowering thousands of law enforcement officers to tackle the rising challenges of cryptocurrency-related crimes.
Further Reading
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