Combating CRYPTO-currency-Facilitated Crime and Terrorism with Interoperable, Trustworty, AI-Enhanced, Collaborative Tools, Improved Information Sharing, Operations, and Training for LEAS
The Challenge
The advent of cryptocurrencies unlocked opportunities for legitimate innovation, but at the same time, offered a new platform for facilitating criminal and terrorist activities, offering a degree of perceived anonymity and freedom from centralised control and oversight.
Law-enforcement agencies (LEAs) face significant challenges in adapting to rapidly evolving technological developments and emerging applications of cryptocurrencies, with cross-border transactions further compounding these challenges. At the same time, legislation accross countries lacks harmonisation and still plays catch-up to technological developments. Inescapably, to be effective, the response to the emerging (possibly cross-border) cryptocurrency-facilitated criminal/terrorist (CFCT) activities must match their characteristics.
CryptoACTION’s Solution
CryptoACTION represents Europe’s most ambitious attempt to date in equipping LEAs with mission-appropriate tools to support investigations pertaining to Cryptocurrency-Facilitated Crime and Terrorism (CFCT) activities, improve investigation operations including external collaboration workflows and provide comprehensive training curricula for LEAs/ prosecutors/judiciary and the world’s first cryptorange. It will deliver an ecosystem of independent but interoperable lawful-investigation tools offering AI co-piloting capabilities to enhance investigator efficiency and supporting the intelligent corelation of blockchain data, structured data from anti-CFCT databases, text, audio and visual data modalities, stemming from lawful surveillance activities and darknet/deepnet/clearnet scraping.
