In a UK first for police training, the City of London Police’s Economic Crime Academy has recently launched a new course on cryptocurrencies.
Developed by the ECA together with subject matter experts in the City of London Police’s Economic Crime Directorate, the new one-day course Cryptocurrencies for Investigators is designed to give officers the skills and knowledge to recognise and manage cryptocurrencies in their investigations.
It is the first of its kind in the UK and has been developed in response to an increased level of interest from police officers nationally.
The ECA delivered a successful pilot course in July 2018 to City of London Police officers, with another scheduled in August for a partner regulatory body. It is hoped that the course will then be rolled out nationally in autumn 2018.
Upon successful completion of the course, officers will understand how to detect, seize and investigate the use of cryptocurrencies, and will be able to:
– Explain the investigative opportunities available to investigators to recover and trace cryptocurrencies
– Understand the criminal use of cryptocurrencies
– Describe the legal framework relevant to cryptocurrency investigation
Mike Betts, Head of Skills & Development at the City of London Police’s Economic Crime Academy, said:
“In recent years the cryptocurrency market has grown considerably, with more and more people using it and investing their money. However, this surge in popularity has also given rise to more fraud in this area, with criminals identifying cryptocurrencies as a new way to defraud people and steal their money, and also launder money.
“The Economic Crime Academy continues to develop national and international courses in response to emerging threats, and this new course will provide training to counter the growing risks that cryptocurrencies pose.”