Binance has taken a significant step forward in its commitment to enhancing security in the crypto space by conducting an advanced training session for officers of the International Criminal Police Organization (INTERPOL) on May 29, 2024. The one-off training session, led by Binance's Financial Crime Compliance (FCC) team, utilized practical case studies from the FCC team's investigations to showcase specific methods employed in cryptocurrency crime analysis.

The training session aimed to strengthen the understanding and efficiency of INTERPOL officers in handling cryptocurrency crimes and Web3 cyber policing. The collaboration between Binance and INTERPOL is a testament to the importance of collective action and mutual knowledge sharing in tackling cybersecurity threats in the crypto milieu.

Horest Au Yeung, an INTERPOL representative, highlighted the value of the collaboration, stating that the real-world case studies shared by Binance's FCC team offered new perspectives on cryptocurrency investigations. This strategic partnership can intensify INTERPOL's capabilities and knowledge pool, enabling them to better handle cryptocurrency crimes.

Jarek Jakubcek, Binance's Head of Law Enforcement Training, expressed his satisfaction with the ongoing collaboration between Binance and INTERPOL. He emphasized the necessity and impact of collective action and mutual knowledge sharing in tackling cybersecurity threats in the crypto milieu. In his words, "Our collaboration with INTERPOL is not just about joining forces - it's inherently about stepping up to the challenge. We remain committed to working closely with global law enforcement agencies in the fight against criminal activity."

In 2023 alone, the Binance FCC team held 120 workshops and training sessions for global cybercrime specialists and processed over 58,000 requests from law enforcement agencies. This collaboration with INTERPOL further signals Binance's commitment to combating cybercrime in the ever-evolving digital finance landscape. By working together, Binance and INTERPOL can leverage their collective expertise to create a safer and more secure environment for crypto users worldwide.