The Bilateral Liaison Group on Illicit Finance and Cryptocurrencies is a new collaboration between the Nigerian government and the U.S. Department of Justice.
This team will combat financial crimes and cybercrime involving digital assets.
According to officials, the partnership is a part of the United States’ endeavour to combat cybercrime and illicit activity in the cryptocurrency industry while fostering a safer online environment. With an emphasis on illicit money flows and the abuse of digital currencies, the organization seeks to assist Nigeria in conducting more thorough investigations and prosecutions of these crimes.
In a statement, the U.S. Department of State said, “The United States reaffirms our commitment to a close partnership with Nigeria, and the U.S. Department of Justice is continuing its coordination with the Government of Nigeria to build its capacity to pursue cybercrime investigations and prosecutions.”
The global effort to control digital money and reduce illicit activity involving virtual currency regards this partnership as a major step. It will promote more collaboration and knowledge exchange between the United States and Nigeria.
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