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Binance’s global law enforcement training program continues its effort to provide support to agencies in the Philippines in detecting and prosecuting cyber criminals

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Binance, the world’s largest blockchain ecosystem is formally announcing its Global Law Enforcement Training Program as part of its continuous efforts to strengthen the fight against cybercrime within the industry.

As part of the Global Law Enforcement Training Program, Binance will provide further support to law enforcement agencies like the Philippines’ Cybercrime Investigation and Coordination Center (CICC), the Philippine National Police (PNP) and other local agencies in detecting and prosecuting cyber criminals.

The program will be the Web3 industry’s first coordinated effort across the globe. Part of the program’s activities includes training sessions and seminars similar to the one in which members from the CICC, the Department of Information and Communications Technology (DICT) and the PNP took part in recently. The seminar was led by Jarek Jacubcek, Binance’s Head of Intelligence and Investigations for Asia Pacific.

Binance’s Global Law Enforcement Training program will be led by leaders from the Binance Investigations team. The team is made up of world-renowned experts and former law enforcement members, some of which are instrumental in the take down of large cyber crime platforms. The program is also an expansion to Binance’s continuous anti-cybercrime effort which included workshops in over 30 countries in the past year in countries including the Philippines.

As more regulators, public law enforcement agencies and private sector stakeholders look closely at crypto, we are seeing an increased demand for training to help educate on and combat crypto crimes,” said Tigran Gambaryan, Global Head of Intelligence and Investigations at Binance. “To meet that demand, we have bolstered our team to conduct more training and work hand-in-hand with regulators across the globe.” 

Local agencies that will be part of the program will benefit from the full day training that includes in-person workshops on the concepts of blockchain and crypto assets. The program’s curriculum also includes insight on the evolving legal and regulatory environment. Binance’s anti-money laundering (AML) policies and the investigative methods developed by the company to detect and prevent potential frauds are also discussed in detail. Binance’s robust compliance with  AML programs allowed them to become one of the crypto companies to secure approvals and registration in G7 countries like France, Italy and Spain, among others

Protecting users is our number one priority at Binance. We work hand-in-hand with law enforcement to track and trace suspected accounts and fraudulent activities, contributing to the fight against terrorism financing, ransomware, human trafficking, child pornography and financial crimes,” adds Gambaryan, a former special agent of the Internal Revenue Service—Criminal Investigation (IRS-CI) Cyber Crimes Unit.

Since November 2021, the Binance Investigations team has responded to more than 27,000 law enforcement requests with an average of three days response time which is faster than any traditional financial institution. “Binance is known among law enforcement to have a fast response system, unmatched by any traditional financial institution,” said Gambaryan.

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