Main Takeaways
Binance recently participated in the Commercial Crime Advanced Course by the Hong Kong Police Force (HKPF), sharing expertise in virtual asset-related crime investigations to enhance law enforcement capabilities.
The course facilitated discussions on latest crime trends, strengthening participants' skills to handle criminal activity, including virtual asset-related threats.
Binance is committed to building and maintaining strong global partnerships with law enforcement agencies globally to ensure user protection and a secure blockchain ecosystem.
Cooperating with law enforcement globally to keep the blockchain ecosystem safe is one of Binance’s top priorities. Recently, the Commercial Crime Bureau (CCB) of the Hong Kong Police Force (HKPF) invited us to participate in its Commercial Crime Advanced Course, providing an excellent opportunity to share Binance’s expertise in the investigation of virtual asset-related crimes and help enhance the relevant professional skills and knowledge of law enforcement officers.
Up to Date on Commercial Crime Trends
The course ran from November 29 to December 1 at the Hong Kong Police Headquarters, with more than forty participants representing the HKPF, law enforcement agencies of Macau, as well as a range of other law enforcement authorities, regulatory bodies, and financial institutions, such as the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC). The course facilitated in-depth discussions of the latest crime trends and investigative methods and was aimed at strengthening participants' professional skills, and making them more confident in tackling criminal activity, including threats related to virtual assets.
During the course, experts from Binance's investigations team delivered a lecture focused on virtual-asset investigations and the ways in which centralized exchanges collaborate with law enforcement. The session introduced blockchain investigation techniques and explained how Binance assists global law enforcement agencies in combating cybercrime.
Public-Private Partnership For Collaborative Security
Upon the course’s conclusion, a representative from the Hong Kong CCB commented: "With technological advancements driving changes in the overall business and financial environment, new types of crimes are emerging and rapidly evolving. It is crucial for law enforcement officers not only to understand the latest developments in this space but also acquire relevant, up-to-date knowledge and skills to address such threats. We are pleased to have invited representatives from Binance to share their knowledge and practical experience in the virtual-asset industry. Their input helped course participants understand this emerging landscape and acquire skills needed to deal with related cases in the future."
Carlos Mak from Binance's investigation team said: "At Binance, we understand the importance of partnerships between public and private sectors in conducting criminal investigations and crime prevention. Therefore, we not only offer training courses but also provide practical assistance. We are honored to be invited to participate in this advanced course and look forward to helping all participants, including law enforcement units, deepen their understanding of virtual-asset investigations. This is a great opportunity to contribute together to safeguarding public interests."
Officer from CCB presenting a souvenir to Binance.
As part of its commitment to user protection, Binance will continue to deepen its cooperation with global law enforcement agencies, striving to build a secure and safe Web3 environment. In 2023 so far, Binance has conducted and participated in 120 online or offline training sessions and seminars globally. Previously, Binance was invited by the HKPF to participate in the Hong Kong International Symposium on Cyber Policing and Virtual Asset Investigation Course (VAIC) organized by the Cyber Security and Technology Crime Bureau (CSTCB).
