The EU-funded CyberEast project has concluded a series of workshops on online fraud for authorities in the six Eastern partner countries to ensure the proper work of reporting mechanisms and interagency/public-private cooperation. The final workshop on online fraud, crime proceeds and reporting mechanisms for Azerbaijani authorities took place on 14-15 January.
As the Eastern Partnership region integrates into the global economy, the online financial crime becomes increasingly prevalent. “Effectiveness in fighting such forms of cybercrime depends on many factors, including timely reporting and follow-up of such criminal activity, strong action aimed at seizing proceeds of crime and fighting money laundering, as well as formal and informal cooperation between public institutions and between the public and private sector,” the CyberEast project said in a press release.
Starting from March 2020 these two-day workshops brought together cybercrime investigators, financial investigators, financial intelligence officers, financial regulators, as well as private sector entities and business associations from Eastern partner countries, in order to discuss issues of detecting and combating online crime proceeds.
The EU-funded CyberEast project aims at adopting legislative and policy frameworks compliant to the Budapest Convention on Cybercrime and related instruments, reinforcing the capacities of judicial and law enforcement authorities and interagency cooperation. The Project increases efficient international cooperation and trust on criminal justice, cybercrime and electronic evidence, including between service providers and law enforcement.
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