Main takeaways:
Binance, known for its strong record of fighting cybercrime and assisting law enforcement, was invited by the Hong Kong Police to share expertise at the International Symposium on Cyber Policing 2023.
In the panel discussion, Nils Andersen-Röed, Deputy Head of Financial Crime Compliance of Binance, addressed emerging cybercrimes and Binance’s collaborative work with crime fighters and investigators around the world.
Binance’s expertise and solid track record in addressing cybercrime threats is acknowledged by law enforcement and investigators globally. On September 13, Nils Andersen-Röed, Binance’s Deputy Head of Financial Crime Compliance, was invited by the Hong Kong Police Force to speak at the International Symposium on Cyber Policing (ISCP) 2023.
Cyberspace Policing in the Age of Web3
Organized by the Hong Kong Police Force, the three-day symposium brought together senior leaders of law enforcement agencies, industry experts, academics, and policymakers from around the world. More than a hundred representatives from over 40 jurisdictions such as Singapore, France, Italy, and Australia were in attendance.
The experts covered a variety of topics, with the overarching theme being the development and market structure of Web3 and decentralized finance (DeFi). Panelists addressed the risks and types of crimes that arose in the realm of digital finance, explored the technologies that are available to assist policing, and stressed the importance of global collaboration between law enforcement agencies and industry players such as Binance. A great example of such a consolidated effort is Binance’s recent collaboration with the National Bank of Tajikistan and TRM Labs to aid in the arrest of key members of the Islamic State’s regional affiliate, which has contributed to global counterterrorism and security efforts.
A Global Anti-cybercrime Network
During a panel discussion with other industry experts, Nils Andersen-Röed shared his insights on the implications of the growth of Web3 and DeFi on law enforcement and policing in the digital space. He also talked about emerging cybercrimes as well as Binance’s efforts to fight illicit criminal activities in partnership with law enforcement agencies and investigators.
“With the increasing popularity of digital assets, cybercrimes are evolving to become more digitalized as well. It is essential for police and local authorities to collaborate with law enforcement agencies and industry specialists to enhance policing tactics and combat this new wave of cybercrime. Binance is proud to be part of a global network of experts committed to defending our industry against malicious actors. As a leading company, Binance is dedicated to safeguarding users and fostering growth in the security sector through strategic cooperation and investigative endeavors,” shared Nils Andersen-Röed.
In addition to participating in the panel session, Binance also had the opportunity to engage with representatives of law enforcement agencies and explore further collaboration opportunities to enhance crime prevention and investigative capabilities globally.
User protection is a top priority for Binance, and we remain committed to sharing our expertise and experience in tackling criminal activity to build a safer Web3 ecosystem. In 2022, Binance launched the Global Law Enforcement Training Program, the industry's first global initiative aimed at supporting law enforcement agencies in combating financial and cybercrimes related to digital assets. So far this year, Binance has held more than 60 in-person and remote training sessions globally, and will continue to drive cybersecurity efforts around the world.
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