Key Takeaways

The Indonesian Criminal Investigation Agency, also known as Bareskrim, is ramping up its efforts to combat cryptocurrency-related crime by using blockchain analysis tools and AI.

A senior official from Bareskrim informed Binance that the agency is seeing an increase in romance scams, phishing, and deepfake-based fraud, and is working to address these rising threats through better training and the establishment of stronger international ties.

According to the officer, collaboration with cryptocurrency exchanges, wallet providers, and foreign law enforcement agencies is essential to identify suspects and freeze illicit funds.