The United States Department of Justice (US DOJ) has advertised a position for an attorney to lead the National Cryptocurrency Enforcement Team (NCET).
The US Department of Justice’s crypto enforcement team would be tasked with supporting, investigating, and prosecuting cryptocurrency-related offenses, as well as leading the Department’s efforts to minimize the use of bitcoin as a criminal instrument. The attorney would serve as the team’s director.
Attorneys of the US Department of Justice play a strategic role
The director would oversee a team of attorneys who would set strategic priorities for investigating crypto and enforcing cases with the assistance of US Attorney’s Offices and investigative agencies and maintain relationships with federal, state, and local law enforcement to coordinate information sharing and strategies.
The group would also collaborate with agencies such as the Financial Crimes Enforcement Network (FinCEN) and the Securities and Exchange Commission (SEC).
Regardless of who they choose as director, they will cultivate private-sector connections to enhance enforcement.
The US DOJ’s and NCET’s whole plan is part of a larger US effort to counteract the use of cryptocurrencies as a criminal instrument.
The DOJ’s requirements include that anybody it hires must have “deep expertise” in crypto and blockchain technologies. In addition, white-collar crime and money laundering laws must also be understood by the perishing.
NCET is a division of the Department of Justice
The NCET team was formed lately to investigate cryptocurrency-related criminality in the United States. “Crimes perpetrated by virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure operators” would be investigated by them.
According to the DOJ, the Justice Department and other US government organizations would benefit from the NCET’s experience in blockchain and cryptocurrency transactions.
NCET and whoever heads it would report directly to Assistant Attorney General Kenneth Polite Jr., who would serve as the team’s supervisor.