FinCEN Confers Law Enforcement Award to New York State PD and others

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The Financial Crimes Enforcement Network (FinCEN) has conferred law enforcement awards to multiple law enforcement agencies including Internal Revenue Service – Criminal Investigation (IRS-CI), US Customs and Border Protection, Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) and the New York State Police Department. The recent press release by FinCEN offers more information about the cases for which these organizations received their awards.

When Bitcoin and law enforcement is concerned, they do not always go well together. The financial freedom associated with the digital currency offers a leeway for people to go on with their usual business regarding money matters without the intervention of government and private establishments.

The advantages offered by digital currency is well received by the cryptocurrency community, except for few outliers who decide to exploit these advantages for their own personal gains at the cost of others. At the same time, the property of digital currencies, including its pseudonymity, faster transactions and self-sufficiency has made it a favorite among those dealing with substances considered to be contraband and illegal by law enforcement authorities.

In addition, the authorities are concerned about the use of digital currency for money laundering and illegal financing of terror groups. This has led the financial

Read more ... source: TheBitcoinNews

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