AMBCrypto Weekly

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

- Media Contact Ana Diundina, Crystal Blockchain anastasiia.diundina@crystalblo­ +3809773716­60

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 investigat­ions@crystalblo­

About Crystal

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.

Available as a free demo version, SaaS, API, and for on-premise installati­on. Engineered by Bitfury.

 ?? ??

Newspapers in English

Newspapers from Australia