A new law on economic crime and corporate transparency is due to come into force soon. The law allows for the blocking and confiscation of cryptocurrency assets without a conviction on suspicion of their owner being involved in a criminal offense. According to legislators, this may be useful for investigating certain urgent matters.
The law contains provisions allowing authorities to confiscate other assets and tangible property that could help law enforcement authorities identify the location of crypto assets associated with a suspected criminal.
Recently, UK police departments have been employing full-time advisors on crypto crime investigation tactics on a permanent basis.
Earlier, the British National Crime Agency (NCA) announced the selection for the position of investigator to combat complex financial crimes related to cryptocurrencies.
Source: Bits
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