The Intersection of the Criminal, Law Enforcement and Technology Industries

February 26, 2016

A ZDNet article covers Arrests made over Bitcoin laundering scheme, Dark Web drug deals

Dutch police made several arrests related to laundering of criminal profits orchestrated through an unindexed section of the web called the Dark Web. The article says suspects allegedly laundered up to 20 million euros from online drug deals. With the information originating from Reuters, this article summarizes the arrests made by Dutch Fiscal Information and Investigation Service and public prosecution department:

“According to the publication, some of the men arrested are traders, while others are “Bitcoin cashers” — traders of Bitcoin online who cash these funds then withdraw money from ATMs. It is possible to find cashers online who run shadow services which exchange “dirty” coins for clean currency. Law enforcement in the United States, Australia, Lithuania and Morocco also participated in the raid.”

Just as criminal offenses are taking place increasingly online, so too must the law enforcement industry have turn to technology to aid its efforts. As the case unfolds, it will be interesting to uncover how these suspects were identified. Perhaps something innovative will be at the source.

Megan Feil, February 26, 2016

Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph

Written by Stephen E. Arnold · Filed Under Enterprise, Financial, Legal matters, News, Security

Comments

3 Responses to “The Intersection of the Criminal, Law Enforcement and Technology Industries”

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The Intersection of the Criminal, Law Enforcement and Technology Industries : Stephen E. Arnold @ Beyond Search
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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.