The National Crime Agency (NCA) in the United Kingdom has taken a proactive step to combat cryptocurrency-related crimes by establishing a special digital assets team within the Complex Financial Crime Team (CFCT). Accordingly, the NCA seeks to include two investigators with blockchain experience as part of the team.
The Job’s Requirements
Based on the job’s notice, the position requires a skilled professional to supervise complex investigations involving cryptocurrency and digital assets while adhering to the Proceeds of Crime Act (POCA). This critical role entails the responsible and strategic handling of cases involving confiscating and redirecting illicit funds for community benefit—a crucial aspect of the POCA mandate.
One of the criteria to be considered for this critical position is that the potential candidate should already be a member of the police force and must be a certified financial investigator (AFI) in the UK. Aside from this qualification, the candidate must have extensive experience in blockchain analysis, criminal investigation, and a thorough understanding of relevant legislation.
The salary for this critical position is approximately 47,380 British pounds (or $61,076.37), which is augmented with a range of benefits through various civil service schemes. By filling this role with a qualified individual, the organization is better equipped to combat financial crimes related to digital assets and cryptocurrencies.
Also read:A combination of specialized skills, relevant experience, and competitive pay highlights this position’s importance and proves the government’s commitment to fighting crypto crime and money laundering.
NCA Launches Crypto Division
Early in the year, the NCA established the NCCU Crypto Cell, a specialized unit dedicated solely to cryptocurrency-related investigations. The NCA’s bold move is a significant shift in regulatory focus toward crypto assets in the United Kingdom.
Also, it coincides with the government’s unwavering commitment to eliminating illicit funds, also known as “dirty money,” from the country’s financial ecosystem. Establishing the NCCU Crypto Cell is a proactive response to the ever-changing landscape of cybercrime and its relationship with cryptocurrencies such as Bitcoin (BTC).
As these digital assets become more prevalent in financial settlements, the NCA recognizes that addressing cyber incidents involving these crypto assets has become necessary.
Meanwhile, Chris Lewis-Evans, the NCA’s director of infrastructure investigations, described the formation of the NCCU Crypto Cell as an exciting opportunity to collaborate with a team dedicated to preserving the integrity of the UK’s digital landscape. More importantly, the collaboration protects UK residents from the actions of these cyber criminals.
With this strategic move, it becomes easier for the NCA to identify and apprehend cybercriminals who use cryptocurrencies’ anonymous and decentralized nature for illicit activities. Furthermore, it demonstrates the NCA’s commitment to upholding the rule of law, improving regulatory oversight, and ensuring the security of the UK’s financial ecosystem.
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