• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

My TechDecisions

  • COVID-19 Update
  • Best of Tech Decisions
  • Topics
    • Video
    • Audio
    • Mobility
    • Unified Communications
    • IT Infrastructure
    • Network Security
    • Physical Security
    • Facility
    • Compliance
  • RFP Resources
  • Resources
  • Podcasts
  • Subscribe
  • Project of the Week
  • Latest News
  • About Us
    SEARCH
Compliance, Network Security, Physical Security

What The National Cryptocurrency Enforcement Team (NCET) Will Do

NCET will foster the development and expertise in cryptocurrency and blockchain technologies to investigate and prosecute criminal misuses.

October 7, 2021 Alyssa Borelli Leave a Comment

cryptocurrency NCET
BBbirdZ/stock.adobe.com

As law enforcement authorities are grappling with the rise of ransomware and cryptocurrency technologies, Deputy Attorney General Lisa O. Manac has formed a new National Cryptocurrency Enforcement Team (NCET).

The team will tackle complex investigations and prosecutions of criminal misuses of cryptocurrency and investigate crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure actors.

NCET will combines it’s expertise of the Department of Justice Criminal Division’s Money Laundering and Asset Recover Section (MLARS), Computer Crime and Intellectual Property Section (CCIPS), and other sections in the division, with experts detailed from U.S. Attorneys’ Offices.

Related: Beware Of This Elon Musk-Themed Cryptocurrency Giveaway Scam

“[NCET] will draw on the Department’s cyber and money laundering expertise to strengthen our capacity to dismantle the financial entities that enable criminal actors to flourish — and quite frankly to profit — from abusing cryptocurrency platforms” said Deputy Attorney General Monaco in a statement. “As the technology advances, so too must the Department evolve with it so that we’re poised to root out abuse on these platforms and ensure user confidence in these systems.”

NCET will build upon MLARS’s Digital Currency Initiative and will be informed by the Department’s Cryptocurrency Enforcement Framework, released in October 2020.

“The Criminal Division is already an established leader in investigating and prosecuting the criminal misuse of cryptocurrency,” said Polite in a statement. “The creation of this team will build on this leadership by combining and coordinating expertise across the Division in this continuously evolving field to investigate and prosecute the fraudulent misuse, illegal laundering, and other criminal activities involving cryptocurrencies.”

The team will not pursue its own cases but support existing and future cases brought across the Criminal Division and in the U.S. Attorneys’ Offices across the country.

Tagged With: Blockchain, money laundering, National Cryptocurrency Enforcement Team, ransomware, virtual currency exchanges

Related Content:

  • Cyber technology security lock on screen, network protection Why Security Technology Convergence is Crucial to Future-Proofing…
  • WatchGuard Ransomware WatchGuard: Ransomware on Pace for Record Year
  • Microsoft Defender Microsoft Releases Security Posture Management for Defender for…
  • Microsoft, Windows 8.1 Microsoft Reminds Users That it is Ending Support…

Free downloadable guide you may like:

  • Windows 11Blueprint Series: Upgrading to Windows 11

    Upgrading end users to Windows 11 could be one of the most challenging tasks IT has to face in the coming years. Although the new version is touted to provide many benefits, including some important security enhancements, when and how to roll out the upgrade will vary significantly by organization.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the FREE Tech Decisions eNewsletter

Sign up Today!

Latest Downloads

Windows 11
Blueprint Series: Upgrading to Windows 11

Upgrading end users to Windows 11 could be one of the most challenging tasks IT has to face in the coming years. Although the new version is touted...

The State of the IT Department in 2022

The role of the IT professional has shifted from one that supports the business to one that is deserving of a seat at the table when it comes to ma...

Hybrid Work Challenges
The Three Most Common Hybrid Work Challenges Two Years Into the Pandemic

Many of us have been working in a hybrid environment for two years now. Our editors thought this would be a good time to take a look at what’s work...

View All Downloads

Would you like your latest project featured on TechDecisions as Project of the Week?

Apply Today!
Sharp Microsoft Collaboration HQ Logo

Learn More About the
Windows Collaboration Display

More from Our Sister Publications

Get the latest news about AV integrators and Security installers from our sister publications:

Commercial IntegratorSecurity Sales

AV-iQ

Footer

TechDecisions

  • Home
  • Welcome to TechDecisions
  • Subscribe to the Newsletter
  • Contact Us
  • Media Solutions & Advertising
  • Comment Guidelines
  • RSS Feeds
  • Twitter
  • Facebook
  • Linkedin

Free Technology Guides

FREE Downloadable resources from TechDecisions provide timely insight into the issues that IT, A/V, and Security end-users, managers, and decision makers are facing in commercial, corporate, education, institutional, and other vertical markets

View all Guides
TD Project of the Week

Get your latest project featured on TechDecisions Project of the Week. Submit your work once and it will be eligible for all upcoming weeks.

Enter Today!
Emerald Logo
ABOUTCAREERSAUTHORIZED SERVICE PROVIDERSTERMS OF USEPRIVACY POLICY

© 2022 Emerald X, LLC. All rights reserved.