UNIC helping Dubai police fight financial crime

08:26 - 21 April 2023

Technology Reporter

The University of Nicosia (UNIC) is training members of the Dubai Police in combating financial crimes involving digital assets.

A University press release said its Institute for the Future (IFF) was collaborating with the General Department of Criminal Investigations and the General Department of Human Resources of Dubai Police in the "Financial Investigations for Digital Assets" programme.

The programme is part of a Memorandum of Cooperation signed between the IFF and the Dubai Police in November 2021, to strengthen coordination and partnership in areas of mutual interest such as the practical application of blockchain and the use of digital currencies in law enforcement.

The programme covers various topics, including an introduction to blockchain technology and digital assets, assessment of digital asset characteristics, the methods of detecting and analysing suspicious transactions in digital currencies, strengthening the capacity to manage and recover digital assets, the assessment of money laundering techniques using digital currencies, and the detection of illegal financial transactions.

In addition, the programme presents and analyses practices and procedures used by judicial authorities to seize and recover assets. It also analyses the risk of money laundering as regards illegal cryptocurrencies activities.

(Source: CNA)

UNIC helping Dubai police fight financial crime

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