OSCE trains Ukraine to trace illicit Bitcoin transactions

Ukrainian supervisory and law-enforcement agencies underwent advanced training in investigating financial crimes involving cryptocurrencies.

The course, organised by the OSCE Office of the Co-ordinator of Economic and Environmental Activities, in partnership with the United Nations Office on Drugs and Crime, was held from 14 to 17 November in Vienna.

As part of the programme, participants learned about cutting-edge methods and practical tools for tracing criminal transactions across various blockchains. They were also introduced to specialised analytics software.

The OSCE noted that the course would enhance Ukraine’s ability to investigate money-laundering and other financial crimes.

In May, the IRS and Chainalysis announced a collaboration with Ukraine to track sanctions evasion by Russians using cryptocurrencies.

In September, the second stage of training under this programme was completed.