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Ukraine's Anti-Corruption Bureau Launches Probe into Crypto Sector to Unmask Money Launderers

Ukraine's National Anti-corruption Bureau (NABU) has announced its collaboration with the US Embassy to investigate the crypto sector for money laundering activities. The NABU stated that it will be financially supported by the US State Department's Bureau of International Narcotics and Law Enforcement Affairs. Over 250 detectives and analysts will be studying cryptoassets as part of a nine-month training program covering cryptocurrency technologies and methods of investigating crimes using cryptoassets. The NABU aims to establish channels of cooperation and interaction with key Ukrainian and global crypto exchanges and international law enforcement organizations to ensure that cryptocurrency will no longer be a "panacea" for corrupt individuals.

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