Economic Security Bureau of Ukraine is expanding the list of available databases for investigating the illegal use of digital assets and for identifying risky financial transactions and blockchain analysis.

This is envisaged by the Memorandums of cooperation signed between the Economic Security Bureau of Ukraine, the State educational and scientific institution "Academy of financial management" and the "Ukrainian modern digital science". Employees of the Bureau will be able to analyze the use of virtual assets for criminal purposes and apply the latest technologies of the financial and digital industries.

"Virtual assets are widely used in criminal economic activities and to avoid sanctions. Therefore, especially now, during the military aggression of russia against Ukraine counteracting their illegal use is extremely important," said Eduard Fedorov, Acting Director of the Bureau.

As a reminder, detectives of the Economic Security Bureau of Ukraine together with representatives of the IRS Criminal Investigation Service (IRS-CI, USA) will investigate criminal offenses using the latest technologies. The detectives of the ESBU acquired the skills of tracking the sources of blockchain funds and exposing cryptocurrency transactions at cyber exercises in Frankfurt, Germany.