A group of 14 Ukrainian officials has completed an advanced course in Vienna, Austria, designed to bolster their skills in investigating crypto-related financial crimes.

The training, held from November 14th to November 17th, was reported by the Organization for Security and Co-operation in Europe (OSCE), a collective of 57 countries from Europe, Asia, and North America focused on addressing global security issues.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

The training was a joint initiative by the OSCE’s Office of the Coordinator of Economic and Environmental Activities and the United Nations Office on Drugs and Crime.

The course covered advanced techniques for probing financial crimes in virtual assets, a growing concern in Ukraine and worldwide.

OSCE economic and environmental activities acting coordinator Ralf Ernst underlined the importance of this training.

With the growing use of virtual assets and cryptocurrencies in Ukraine, there is a pressing need to strengthen the capacity of law enforcement and supervisory bodies.

Ernst also noted the previous training received by Ukrainian officials in this field and the OSCE’s commitment to supporting Ukraine in its fight against money laundering, especially through virtual assets and cryptocurrencies.

This training initiative is part of a broader project funded by several nations, including the USA, UK, Germany, Romania, and Poland, that aims to help governments in Georgia, Moldova, and Ukraine manage criminal risks associated with digital assets.

In a related development, Tether, a stablecoin USDT issuer, collaborated with law enforcement agencies in Ukraine and Israel, resulting in the freezing of 32 addresses linked to potential terrorist activities.

In other Ukraine-related news, unregulated cryptocurrency exchanges have reportedly caused Ukraine to miss out on more than $81 million in tax revenue over the past decade.