For many African governments, cryptocurrency is a foreign concept that is treated with suspicion. It is not also recognized as legal although its illegality is still a gray area.
Criminal actors, however, take advantage of this unregulated system of moving funds to engage in their illegal activity. It is incumbent that law enforcement educates itself on this subject to be better equipped in dealing with related crime.
In an effort towards creating better understanding, AGA-Africa in collaboration with the Financial Intelligence Authority – Malawi organized a 2-day Cryptocurrency Virtual training. The training took place on the 6th -7th of August 2020.
The training was officially opened by Vincent Chipeta, Ag. Director, Financial Intelligence Authority, AGA-Africa, Board Member Markus Green, and AGA-Africa’s Country Coordinator for Malawi Gift Caroline Chikwakwa.
The speakers for the 2-day virtual event were law students Andrew Umali and Chimango Nyasulu and Dr. Jean Phillipo-Prominta, Chief State Advocate, Ministry of Justice and Constitutional Affairs, Directorate of Public Prosecutions from Malawi. Also on the panel were US Facilitators Dionna Bailey GoCoin Business Development Manager and Jessica M. Schutzman, Director Financial & Cyber Investigations Ulster County District Attorney’s Office, New York State.