Report of the Attorney General Pursuant to Section 8(b)(iv) of Executive Order 14067: How to Strengthen International Law Enforcement Cooperation for Detecting, Investigating, and Prosecuting Criminal Activity Related to Digital Assets   [open pdf - 2MB]

From the Introduction and Executive Summary: "On March 9, 2022, the President issued an Executive Order on Ensuring Responsible Development of Digital Assets (hereinafter 'the Executive Order'). Section 8(b)(iv) of the Executive Order directed the Attorney General to submit a report on how to strengthen international law enforcement cooperation for detecting, investigating, and prosecuting criminal activity related to digital assets. [...] The United States supports the responsible use and development of digital assets. This Report focuses on the criminal misuse of digital assets, the most common of which are cryptocurrencies. The perceived pseudonymity of cryptocurrencies makes them attractive vehicles for money laundering and other criminal exploits, and their widespread promotion as investment vehicles has led to opportunities for criminals to target consumers and retail investors--particularly those who seek to profit from investing in this emerging financial ecosystem, but are unfamiliar with the technology and the attendant risks of the market. Criminal actors leverage the innovation, claims of decentralization, and anonymizing features of cryptocurrencies to facilitate criminal conduct in all corners of the world. The cross-border nature of digital asset technologies accordingly requires collaboration with foreign law enforcement partners to locate and gather electronic records and digital evidence involving off-shore digital asset issuers, trading platforms, service providers, and other online infrastructure; to seize and prevent further distribution of digital assets linked to crime; and to identify and hold responsible criminal actors who exploit pseudonymity features of the Internet and decentralized finance (DeFi) technologies to avoid detection and prosecution."

Public Domain
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U.S. Department of Justice: https://www.justice.gov/
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