A
A

US Department of Justice hiring to combat crypto crime

Sun 31 Oct 2021 ▪ 17h02 ▪ 4 min read — by Hugh Renolds

The US Department of Justice has opened a vacancy for the director of the enforcement group in the field of Bitcoin (BTC) and other cryptocurrencies. The US Department of Justice (DOJ) is looking for a candidate for the position of Director of the National Cryptocurrency Enforcement Team (NCET), according to the federal govt. official website.


What the US Department seeks in the potential candidate

According to the announcement, the new employee will lead “a team of experienced prosecutors investigating and prosecuting crypto-related cases.” The salary will range from $144,128 (~£105.3k) to $172,500 (~£126k) p.a. depending on the candidate’s experience.

The director’s work will be carried out in several directions and contain the following conditions:

The director will lead a team of prosecutors in investigating and prosecuting crypto cases as part of a national effort to prevent the use of crypto for illegal purposes.

The new employee will also have to advise state attorneys and investigators.

The director will also liaise with the Financial Crimes Enforcement Network (FinCEN), the US Securities and Exchange Commission (SEC) and other agencies on cryptocurrency regulation.

They will focus on building relationships with private companies with solid expertise in digital assets.

The head of NCET must have experience in complex cryptocurrency and blockchain cases. A potential candidate must have at least 1 year of experience in a managerial position and at least 5 years as a prosecutor.

They will have to travel extensively around and beyond the country.

“The Director will focus on supporting, investigating and prosecuting cryptocurrency crimes and will lead the Department’s efforts to reduce the use of digital assets as a criminal tool,” the job description says.

Functions of the new NCET body

In early October, Deputy Attorney General Lisa Monaco announced the creation of a National Team to strengthen the structure’s ability to fight financial markets that allow cybercriminals to prosper. The group will include experts in the field of cybersecurity, in particular, combating money laundering.

“Cryptocurrency exchanges want to be the banks of the future, well we need to make sure that folks can have confidence when they’re using these systems and we need to be poised to root out abuse,” Monaco said at the virtual Aspen Cyber ​​Summit.

Monaco also announced the launch of an initiative to monitor government contractors receiving federal funds. Its goal is to “prosecute companies that do not comply with recommended cybersecurity standards.”

Back in August, it was reported that the US authorities offered a reward in cryptocurrency in exchange for valuable information related to hackers. In May, following the Colonial Pipeline cyber blackmail incident and a general increase in crime, the US Department of Justice created a task force to investigate this area.

Subscribe to our daily and weekly newsletter service to receive a digest of the latest news in the cryptosphere and never miss out on any of the Cointribune's highlights!

A
A
Hugh Renolds avatar
Hugh Renolds

I believe in the bright future of crypto. I have been investing since 2017 and look to share my experience in, and thoughts on, crypto and the blockchain.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Prices & Indices

BITCOIN (BTCUSD) $20,350.69 0.44%
ETHEREUM (ETHUSD) Ξ $1,150.94 0.74%
DEFI (DEFIPERP) $2,660.00 1.64%
MARKETS (ACWI) $84.79 -1.48%
GOLD (XAUUSD) $1,820.28 0.03%
TECH (NDX) $11,637.77 -3.09%
CURRENCIES (EURUSD) $1.05 0.08%
CURRENCIES (EURGBP) £0.862730 -0.04%
CRUDEOIL (USOIL) $110.92 -0.81%
IMM. US (REIT) $2,413.37 -1.14%
The percentage expresses the change over the past 24 hours BUY CRYPTOS WITHOUT RISK
Newsletter

Receive the latest and best crypto news directly to your inbox and try to win 0.2 ETH by registering today

Crytocurrency Guides
You must complete the form to receive your document.