Cyber crime

24 July 2018

New police training indicates authorities believe cryptocurrency is here to stay

Earlier this month, the Lord Chancellor David Gauke confirmed that a new 18 courtroom legal centre is to be built on the site of Fleetbank House in London which will focus on issues such as economic crime (including fraud) and cyber crime.  Due to be established in 2025, this “state-of-the-art court” is to give the message to the world that Britain “stands ready to deal with the changing nature of 21st century crime”.

Anna Holmes

28 June 2018

FCA Dear CEO letter on cryptoassets – a warning to firms

On 11 June, the UK Financial Conduct Authority (FCA) issued a “Dear CEO” letter on how banks should deal with the financial crime risks associated with “cryptoassets”. The FCA defines cryptoassets as publicly available mediums of exchange that feature a distributed ledger and decentralised system for exchanging value, such as Bitcoin and Ether. These assets are more commonly known as cryptocurrencies.

15 June 2018

Serious and organised crime threats to the UK: 2018 and beyond

Last month the National Crime Agency (‘NCA’) published its annual strategic assessment of Serious and Organised Crime (‘SOC’) in the UK. The data has come from a variety of law enforcement agencies and other sources including the National Cyber Security Centre (‘NCSC’).

Maeve Keenan

22 February 2018

Bringing cryptocurrencies in from the cold

Regulators around the world are calling for cryptocurrencies to be brought within the remit of financial regulation. To date, the focus has largely been on Bitcoin, which was the predominant cryptocurrency traded on some of the largest dark web markets. However, in light of the call for better oversight, the value of Bitcoin plummeted and evidence suggests that users are moving towards alternatives that afford greater anonymity.

Jill Lorimer

5 February 2018

Bitcoin and cryptocurrencies – regulation on the horizon to combat cyber-crime?

The Treasury has indicated that it is planning on regulating bitcoin, in an attempt to bring some order to the Wild West that is cryptocurrencies. What would regulation of Bitcoin achieve?

Jill Lorimer

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