Global Ledger partners with UNODC

Geneva, Switzerland: Global Ledger announced that a new training course on cryptocurrencies has been developed by the United Nations Office on Drugs and Crime (UNODC) with Global Ledger’s support. 

The training course targets the criminal risks associated with cryptocurrencies, and provides tools to prevent and combat criminal misuse of cryptocurrencies. 

This is already the third generation of UNODC courses on virtual assets. It is based on more than seven years of working with blockchain, the practice of customer due diligence in the cryptocurrency industry, and practical experience in blockchain investigations. During the course, participants will be able to conduct real-life cybercrime investigations and study compliance violations using professional tools, including Global Ledger’s GL Vision, to practice on historical data and cases that are still “live.”

This course is part of an official capacity-building project from UNODC for law enforcement, FIUs, supervisors, and other government agencies from various jurisdictions. The relevance of such a course has increased due to Russia’s military aggression against Ukraine, and the course is already successfully being used to train representatives of the Ukrainian Cyber Police, the State Financial Monitoring Service, and the Ministry of Digital Transformation of Ukraine to prevent the use of cryptocurrencies in criminal or terrorist activities, as well as circumvention of international sanctions. 

“I want to stress the importance of private–public collaboration between international organizations and government agencies with blockchain analytical companies that are at the forefront of crypto-innovation. Joint efforts help to make the crypto market transparent, legal, and safe for all its participants,” said Dr. Tatiana Dmytrenko, a high-ranking adviser in Ukraine’s Ministry of Finance and a leading expert for the joint OSCE-UNODC project on virtual assets for Georgia, Moldova, and Ukraine.

“We understand that the current speed of implementation of the FATF Recommendation 15 guidelines, and other crypto regulations at the international and state levels, may not correspond to the pace of industry development. The ‘sunrise problem’ (jurisdictions that host virtual assets operators without proper supervision) remains an acute issue. Moreover, each year, bad actors use new ways to launder ‘dirty’ crypto funds. That is why we are ready to continue actively promoting education in this area to help make the work of international organizations and law enforcement as effective as possible,” said Lex Fisun, co-founder of Global Ledger.

About GL Protocol 

Global Ledger is a blockchain forensic startup that assists banks, fintech companies, and crypto startups in following obligatory AML/CTF compliance rules for crypto assets. 

About UNODC 

United Nations Office on Drugs and Crime (UNODC) is a global leader in addressing the problems of illicit drugs and transnational organized crime and corruption, and is mandated to assist Member States in their struggle against illicit drugs and crime, including cybercrime.