US DOJ Is Looking to Hire a Director for Its New Crypto Enforcement Team

The US Department of Justice (DOJ) has published a job advertisement to hire a new director for its brand-new National Cryptocurrency Enforcement unit (NCET). According to the post in USAJobs, NCET’s mission will be to support, investigate and prosecute cryptocurrency-related crime and help reduce the use of cryptocurrency as a criminal tool, the job post noted.

That said, the Director of the NCET will lead ‘a team of experienced prosecutors investigating and prosecuting cryptocurrency cases, comprising a central part of a nationwide enforcement effort to combat the use of cryptocurrency as an illicit tool.’

Among the requirements include being a US Citizen to qualify for such a position and be available for occasional domestic and international travel. Additionally, the DOJ asks for the preferred qualifications: “Extensive knowledge pertaining to digital currencies and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology; Knowledge of white-collar and money laundering statutes.; At least five (5) years’ trial experience as a prosecutor or trial attorney handling criminal matters; Experience investigating criminal matters involving complex or sensitive law enforcement techniques.”

Other Duties

The new director should liaise with regulatory agencies like the Financial Crimes Enforcement Network (FinCEN), the US Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (SEC), the intelligence community and the private community, the DOJ noted in the job ad. Moreover, the unit head should build ‘relationships with private sector actors with expertise in cryptocurrency matters to further the criminal enforcement mission.’ The salary of the chosen director ranges from $144,128 to $172,500 per year.

In July, FinCEN announced that it had appointed Michele Korver, former Digital Currency Counsel at the Criminal Division of the US Department of Justice, as its first-ever Chief Digital Currency Advisor. Korver will collaborate with internal and external partners to develop innovative solutions for the prevention of illegal activities in the digital currency ecosystem. Korver is a graduate of the University of Miami School of Law and the University of Florida.