Binance, the world’s largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry.



Binance launched an industry-first ‘Global Law Enforcement Training Program’ The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets.



This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe through in-person workshops and an insight into the legal and regulatory environments of crypto assets.



Binance exchange carried out an extensive workshop in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.



Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.



The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects involved in a $265,000 theft from KyberSwap. He further announced that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.



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