Russian police employ special tool to track cryptocurrency transactions.
The software also has a feature facilitating the monitoring of crypto asset transactions, the department told Russian media.Employees of MVD, the Ministry of Internal Affairs of the Russian Federation, now have access to a specialized digital platform called “Personal account of a law enforcement agency,” Tass reported. The ministry revealed to the news agency that it’s identifying owners of cryptocurrency wallets using the new system.
“This digital project has already been implemented and is successfully operating,” the head of MVD’s Main Department of Economic Security and Anti-Corruption, Police Lieutenant General Andrey Kurnosenko, told Tass on the eve of the International Anti-Corruption Day, celebrated on Dec. 9 to raise public awareness for efforts to combat corruption.
Kurnosenko explained that the analytical tool allows his colleagues to quickly receive and evaluate collected information about specific financial risks for the Russian economy and also compile the results of joint work within national projects in the field of fighting cybercrime and other fields. The high-ranking MVD official also highlighted that the integrated product features a module developed to help investigators monitor cryptocurrency transactions. “There is already a positive experience of using this tool to identify unscrupulous owners of crypto wallets,” the general pointed out, without elaborating further.
The announcement of MVD’s new crypto tracing capabilities comes after in April the Ministry of Finance accepted for review a number of proposals
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