Counter networks and illicit trafficking program office

In a sensitive, non-public report GAO made nine recommendations to selected agencies to enhance their data collection practices for virtual currencies. These included improving the information law enforcement has on virtual currency kiosk locations. Effective tracing of illicit use of virtual currency is increasingly resource intensive and requires sophisticated computer software programs. In response, GAO notes that agencies have developed in-house expertise and hired contractors among other practices, to trace illicit use of virtual currency.

Virtual currencies can be used in a variety of crimes other than human and drug trafficking, such as the sale and purchase of other illicit goods and services on Dark Web marketplaces e. It can also be used in crimes such as selling personally identifiable information, money laundering, cryptocurrency fraud and Ponzi schemes, ransomware payments, and financing terrorist organizations.

Read the public version of the report at GAO. Log in to leave a comment. Sign in Join. Sign in. Privacy Policy. Sign up. Password recovery. Forgot your password? Get help. Create an account. According to the government, the products and services needed are typically smaller than a traditional Pentagon weapon systems program.

The Navy declined to answer questions about the contract to ensure all contenders have the same information. Sign Up Now! David J. October 30, Transnational organized crime is a billion-dollar business that transcends geographical boundaries and threatens global stability. Every year, millions of lives are affected by transnational criminal organizations, including through drug overdose and use, violence, firearm deaths, and human trafficking and smuggling.

Addressing the core causes and sources of transnational criminal activities is an urgent priority for our country and the Biden Administration. Today, President Biden is taking decisive action to detect, disrupt, and reduce the power of transnational criminal organizations and protect the American people with two executive orders E.

Transnational criminal organizations are trafficking opioids into U. Transnational criminal organizations trafficking synthetic opioids, most notably fentanyl, have fueled drug overdoses across the United States, taking one American life approximately every five minutes. The two executive orders, Establishing the U. The Administration is formally establishing the U. Council on Transnational Organized Crime, bringing together six key departments and agencies involved in counter-transnational organized crime efforts to ensure that the U.

Government effectively leverages all appropriate tools to counter the threats posed by transnational criminal organizations. And, because the structure and tactics of drug trafficking organizations have changed, the Administration is modernizing and expanding the U. Pursuant to this new authority, the Department of the Treasury will designate 25 targets, including 10 individuals and 15 entities, across the globe that have been involved in activities or transactions contributing to the international proliferation of illicit drugs.