
A&D FORENSICS WEEKLY BRIEF APRIL 15, 2022
This week’s brief covers news on the 3CS Training, IMF Research on Crypto Usage, ETH dev. sentenced to 63 months in jail and lots more…
Data-driven content on economies, policy, and innovations in cryptocurrencies.
This week’s brief covers news on the 3CS Training, IMF Research on Crypto Usage, ETH dev. sentenced to 63 months in jail and lots more…
This week’s brief covers news on the hydra darknet market shutdown, Bet9ja website hack, NBA embracing Blockchain / Cryptocurrency and lots more…
Always confirm the currency you transact with before concluding NFT transactions. This prevents you from being a victim of NFT bidding scams.
As a project builder, audit your smart contracts to avoid giving opportunities for scammers to exploit your project.
Hydra darknet market was shut down by Germany’s Federal Police on Tuesday, April 5, 2022. Shortly after, a Russian resident was indicted by the Department of Justice on conspiracy charges related to the Hydra market.
The Ronin Network Crypto Heist which happens to be the largest crypto heist in history is a wake-up call for Cryptocurrency Exchanges. This implies that with the increase in cybercrimes, cryptocurrency exchange hacks, wallet hacks etc, cryptocurrency businesses firms and exchanges must be more aware of cyber security practices and implement compliance policies to protect its users.
The Dubai World Trade Centre’s board of directors will establish an Act against offenders.The Act will include possible fines to be imposed on offenders. Meanwhile, VARA is permitted to take actions against individuals who do not comply with the UAE Regulatory Law by VARA. The offenders could be fined or have their permit suspended for not more than six months.
Enhanced Due Diligence, or ‘EDD, is necessary to protect Money Service Businesses (MSBs), Virtual Assets Service Providers (VASPs), and Cryptocurrency Exchanges from financial crimes such as money laundering, terrorist financing, and proliferation financing using cryptocurrencies.
Bringing blockchain and cryptocurrency education to all levels of the Nigerian Law Enforcement organizations is critical. It’s the first step towards agencies being able to detect, trace and seize illegally obtained cryptocurrencies.
OFAC through the OFAC guidance wants all companies, exchanges involved in the digital asset industry to adopt an SCP and also document their efforts adequately when creating and implementing SCPs.
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