Cases of using virtual assets as a fraud tool are increasing rapidly, and there are endless incidents of fraud groups using virtual assets as a deception, or using virtual assets as a money laundering tool to hide illegal gains. There are many illegal forms and changing rapidly, and criminals use virtual assets to have hidden dangers. Characteristics such as anonymity, convenient transactions, rapid currency flow, and cross-border breakpoints make judicial investigations time-consuming and difficult.
In order to improve its function in investigating such cases, the Bureau of Investigation invited experts to hold a "Virtual Asset Crime Investigation Seminar" on the 17th to analyze criminal methods from industry, government, academia and investigation practice.
Bureau of Investigation holds seminar to analyze criminal methods
Chen Baili, director of the Investigation Bureau , pointed out that virtual assets, as new technological finance and commodities, have certain effectiveness in promoting economic development and transaction speed. However, criminals take advantage of their characteristics to conceal illegal gains or falsely call them investment targets. The criminal methods are changing with each passing day, not only It is difficult for the public to identify them, making it even more difficult to detect them.
The Bureau of Investigation stated that since the new government took office on May 20 this year, President Lai Ching-te and President of the Executive Yuan Zhuo Rongtai have both declared their determination to vigorously combat fraud. In addition to cooperating with government policies to fully combat fraud crimes, the Bureau of Investigation has also held simultaneous seminars Refining technological investigation skills and work functions and improving the basic skills of anti-fraud work will lay the foundation for subsequent investigation efficiency. To this end, the Bureau invites:
- Chen Dingzhang, managing attorney of Cheng Zhan Intellectual Property and Business Law Firm and adjunct assistant professor at National Taiwan University of Science and Technology
- Taipei District Court Judge and President Wu Chengxue
- Taipei District Prosecutor’s Office Prosecutor Luo Weiyuan
- Geng Yixin, Securities Dealers Management Group, Securities and Futures Bureau, Financial Regulatory Commission
- Jian Shuyong, Legal Compliance Manager of Binance Exchange
- Chen Meihui, blockchain financial crime investigator at XREX exchange
The Bureau of Investigation mentioned that this seminar aims to discuss the current situation, potential risks and investigation strategies of abuse of virtual currency fraud from the perspectives of law, courts, prosecutors, administrative supervision and the industry, and to work with the Bureau's frontline investigators to investigate new forms of telecommunications Investigators of Internet fraud cases exchange opinions.
In addition to helping colleagues of the Bureau of Investigation gain a deeper understanding of the issue of virtual asset fraud crimes, broaden their horizons in case handling, and keep abreast of the current events of the establishment of the Virtual Currency Association on the 13th, as well as understand the recent trend of strengthening administrative supervision, the seminar also provided feedback on fraud enforcement experience and gave participants Lecture reference for industry, government and academia.
The Bureau of Investigation emphasized that this seminar will inherit practical work experience and strengthen the collaboration between the public and private sectors to jointly combat fraud using virtual assets as a tool to implement the current government's determination to have zero tolerance for fraud.
New Four Methods for Combating Fraud and Managing Virtual Currencies
Previously, in order to improve China's anti-fraud policies and law enforcement regulations, the Executive Yuan passed the draft "Regulations on the Prevention and Control of Fraud Crime Harm", the draft "Technology Investigation and Security Act", and the amendments to some provisions of the "Communications Security and Supervision Act" on May 9 The draft and the draft amendment to the "Money Laundering Prevention Law" (collectively known as the "Four New Anti-Fraud Laws") will be submitted to the Legislative Yuan for review.
Among them, after the money laundering prevention and control law was revised, virtual currencies were included in the regulatory mechanism, and currency dealers were managed through three directions. In the future, virtual currency providers have not completed money laundering prevention registration, or overseas virtual asset service providers have not completed the analysis. Company registration and money laundering prevention law registration will impose criminal penalties, and criminal penalties for using virtual asset accounts to launder money will be added.
According to the United Daily News , Executive Director Zhuo Rongtai hosted a banquet with Democratic Progressive Party legislators last night to exchange views on the four anti-fraud laws and other issues. He stressed that we must respond to society’s expectations for anti-fraud and complete legislation and amend the law as soon as possible. Regarding the standards of scientific and technological investigation, he asked the Ministry of Justice to strengthen the clarification of doubts and propose supporting measures in response to doubts raised by the outside world such as relief procedures.
