Crystal Blockchain Launches Specialized Investigation Services
Crystal welcomes Scott Pounder as Head of Investigations: A law enforcement specialist who combines blockchain and digital forensics with traditional investigation techniques
Crystal Blockchain has officially launched its specialized Investigation Services with a new Head of Investigations, Scott Pounder. Crystal’s investigations and reporting services now combine blockchain and digital forensics with the best of traditional investigation techniques.
Crystal services enable clients investigate transactions, monitor wallets, track fund flows and identify ownership. We also assist our customers in compiling comprehensive case reports.
Fraud, money laundering, and ransomware crimes using cryptocurrencies are rising steadily. This development has made it imperative for businesses to seek help from investigative experts.
The UK Financial Ombudsman, for example, revealed that in September 2021, it saw a dramatic rise in the number of consumer complaints about financial fraud and scams. The service saw 66% more cases made in the previous three months, than in the same period in 2020. This includes a growing number of complaints related to cryptocurrency investments and activities.
The Crystal Investigation team provides customized investigative solutions and reports as per the client’s needs. Note; Crystal prioritizes confidentiality and security in all related matters.
Crystal’s analytics platform supports 98% coin coverage in the current digital asset landscape. We now also have 80% coverage for the DeFi (decentralized finance) protocol market volume.
Our Investigations and Reporting Services provide multi-dimensional benefits to our customers. We combine off-chain and onchain data, resulting in a far more comprehensive view. We assist customers in identifying the real flow of transactions. Our platform analytics cover several of the most important blockchains and this proves to be extremely useful in complex legal cases.
Crystal has been instrumental in helping solve several cases like JBS ransomware payment to REvil, the Pipeline payment to Darkside, Binance’s takedown of cybercriminal ring FANCYCAT, and analysis of the Hamas donations campaign.
About Scott Pounder - Head of Investigations
Scott Pounder joins the Crystal Blockchain team as the Head of Investigations with over 16 years of law enforcement experience behind him. Scott has successfully dealt with highprofile, sensitive investigations and has been specializing in Complex Fraud, AML, Cybercrime, and Financial Investigations for the last 7 years. We’re delighted to welcome him to the team.
In December 2020, Scott was successful in closing down an organized crime group dealing in fraud, money laundering, ID documents, and cybercrime activities. Scott has taken down many websites involved in money laundering, fraud, and scams. Scott maintains relationships with various partner agencies, financial institutions, and regulators worldwide.
Whilst with the Metropolitan Police Service, Scott was responsible for leading and determining the strategic direction of investigating volume and serious cyber and fraud allegations.
Scott has worked with the financial sector, the government, law enforcement, regulatory & business agencies, gaining expansive knowledge in combating financial and cyber crimes, reputational loss, anti-money laundering, and online fraud with various private and governmental agencies. He also has considerable up-to-date knowledge of related laws & regulations.
Scott has numerous professional qualifications and memberships including a Master’s Level
Certification in Advanced Investigative Practice (APCIP). Scott also currently sits on the board of Information Systems Security Association (ISSA), the UK London Chapter.
As we head into the last quarter of 2021, the Crystal investigation team has its sights set on further expansion and the service’s capabilities, in Q4 and as we head into 2022.
The investigations leg of the Crystal team will increase partnerships with law enforcement, government agencies, and private sector companies to position this service as well as possible on a regional and global scale.
The team aspires to achieve excellence in what we do and to be the service of choice within the industry. The intention is to become a world-class example of a blockchain activity investigations service, to educate the space on how to keep safe and avoid common pitfalls, and to keep abreast of current crime trends.
Crystal’s mission is to always be flexible, to keep learning, and to adapt to the trends and needs of our customers within this consistently fast-paced and growing industry.
Contact our Investigations Services experts at firstname.lastname@example.org.
Crystal is the world-leading all-in-one blockchain analytics tool for crypto AML compliance, providing blockchain analytics and crypto transaction monitoring for thousands of cryptocurrencies in real-time.
Crystal Blockchain works globally with customers in the digital asset industry, the banking, and FI sectors. We help streamline their Know Your Transaction (KYT) and Anti-Money Laundering (AML) procedures for meeting international compliance standards.
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