From 22 to 24 October, the OSCE hosted the second workshop on cryptocurrency investigations in Astana, Kazakhstan. The intermediary workshop gathered more than thirty practitioners from the Asset Recovery Committee, the Financial Monitoring Agency, the Anti-Corruption Agency and the Prosecutor’s General Office of the Republic of Kazakhstan.
“Criminal use of virtual assets has become one of the most discussed problems of the financial system and for the economic security of most countries,” said Mr. Murat Tuleganov, the Head of the Office of the Asset Recovery Committee. “This highlights the critical need for capacity building of practitioners in order to identify, trace and effectively seize cryptocurrencies used for criminal activities,” he added.
Through real-life case studies, participants had the opportunity to learn about various steps in the investigation process including identification of the perpetrator, analysis of basic transactions, gathering evidence, reporting of suspicious transactions, and freezing and suspending cryptocurrency assets.
The workshop also covered how to effectively communicate with other institutions and the private sector throughout the investigation process, including with international counterparts.
This workshop was organized within the framework of the extra-budgetary project “Innovative Policy Solutions to Mitigate Money-Laundering Risks of Virtual Assets”, implemented by the Office of the Co-ordinator of OSCE Economic and Environmental Activities. The project is financially supported by Germany, Italy, Poland, Romania, the United Kingdom and the United States.
Written by Marc Jütten.
Since Russia started its war of aggression against Ukraine by illegally annexing the Crimean peninsula, it has been seeking to foster relations with countries in the Global South that are not firmly aligned with the Western world. In 2023, a change in Russia’s foreign policy of 2016 placed a greater emphasis on Latin America and the Caribbean (LAC) and Africa, where the Kremlin has been building influence since the Soviet era. Russia’s strategic goal is to counter the United States presence in the neighbourhood and to ensure that Latin America and the Caribbean remain geopolitically neutral. Russia is also pursuing the goal of building a new multipolar world order.
Russia’s longstanding political and security partners in LAC are Cuba, Nicaragua and Venezuela, each under an authoritarian regime. Russia is also trying to strengthen its political ties with other LAC countries such as Bolivia, Brazil and El Salvador. With all LAC countries, Russia works through bilateral agreements and intergovernmental forums, in particular BRICS and the G20.
From an economic perspective, Russia’s footprint in the region is very limited: its trade with LAC countries accounts for a mere 2 % of its global trade. Nevertheless, Russia has gained political leverage through its economic ties, especially due to key LAC countries’ reliance on Russian fertilisers and diesel.
In addition to political and economic relations, Russia has signed several military cooperation agreements with Latin American countries over the past two decades. Currently, military cooperation is primarily limited to Cuba, Nicaragua and Venezuela. Russian arms sales to the region have steadily declined since Russia’s invasion of Crimea and are now insignificant. Alongside political, economic and military ties, Russia employs disinformation campaigns to undermine liberal democracies and promote Russian propaganda narratives.
Read the complete briefing on ‘Russia’s strategy for Latin America: Strengthening ties in the light of the 16th BRICS Summit in Kazan (Russia)‘ in the Think Tank pages of the European Parliament.