Calgary Police Service partners with Chainalysis in creation of investigative training centre
With Calgarians reporting a financial loss of $13.9 million to cryptocurrency-related crimes to Calgary police last year and an additional $3.2 million so far this year, the Calgary Police Service is entering into a unique partnership with Chainalysis, a global blockchain data platform, to help combat crypto-crime.
Together, we will create and launch an innovative cybercrime training hub that will assist local and national law enforcement with cryptocurrency related investigations.
Chainalysis, a U.S.-based blockchain data platform, provides substantial data, software and research services to government agencies, financial institutions, cybersecurity companies and now law enforcement organizations.
Together, with Chainalysis, the Calgary Police Service Cyber Forensics Unit has created the CPS Blockchain Investigation Team (BIT), dedicated to support cryptocurrency and blockchain-related investigations.
Cybercrimes, particularly cryptocurrency scams, can be difficult for law enforcement to fully investigate due to a variety of complex factors, including various international locations and jurisdictions, sophisticated criminal techniques and quickly advancing technology.
The creation and implementation of the Western Canada Cryptocurrency Investigations Centre will strengthen our ability to ensure the public safety of citizens, allow for proactive policing, enhance technical investigative skills and provide expert training resources for law enforcement.
Typically, cryptocurrency scams are vastly underreported due to the complex nature and investigative limitations that often create challenges in fully pursuing reports of this type of criminal activity. This partnership will position the Calgary Police Service as leaders in advancing critical investigative abilities for law enforcement when it comes to cybercrime.
“Cyber is quickly becoming a component of most criminal activity, and often requires collaboration between law enforcement and other expert industries,” said Chief Constable Mark Neufeld of the Calgary Police Service. “We are thrilled to be part of an innovative partnership with Chainalysis where cybersecurity expertise is shared amongst the Calgary Police Service and private enterprise. This unique partnership will help strengthen cybersecurity and safety among residents of Calgary, Alberta and Canada.”
“This partnership is an incredible opportunity to democratize the world-class expertise in crypto investigations at the Calgary Police Service across Western Canada,” said Chainalysis Public Sector Chief Technology Officer Gurvais Grigg. “The entire CPS team has been fantastic partners in our work to build trust in digital assets, and this expanded structure allows them to better protect more Canadians from crypto crime. We could not be more thrilled to launch this innovative centre and look forward to working closely with law enforcement agencies across the region.”
This announcement is just the beginning of what will hopefully become a global blueprint for public and private sector partnerships when it comes to increasing the safety of cryptocurrency and providing meaningful opportunities for collaboration between law enforcement and leading industry experts.
Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that have been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.
Chainalysis Media Contact:
Trenton Kennedy, Policy Communications