The Department of Justice has released a new report that proposes greater international cooperation between law enforcement agencies in the field of crypto and blockchain.
The DOJ report also suggested information sharing, harmonization of anti money laundering and know your customer rules. It was prepared in collaboration with other US agencies following the Biden White House executive order on crypto. The EO was published in March.
This executive order prompted the creation of the report. The introduction was written by US Attorney General Merrick Galrland. It stated that the “growing use of digital assets within the global financial system has profound consequences for investors, consumers and businesses and increases crime such as money laundering and ransomware, terrorist financing and fraud, and sanctions evasion.”
Garland continued to write:
“Strong international cooperation in law enforcement will be crucial to position the United States, its partners, to detect, investigate and prosecute criminal activity related digital assets, as well as to overcome the unique barriers posed by these technologies for law enforcement efforts to combat their misuse.”
Garland stated that the department plans to “expand our operational and capacity-building efforts with international partners; increase information sharing, coordination and deconfliction; as well as closing regulatory gaps between jurisdictions.”
