Paraguay Hosts Workshop on Combating Organized Crime Through Cryptocurrency

According to CriptoNoticias, the Paraguayan National Secretariat for the Fight Against Drug Trafficking (SENAD), in collaboration with the American Bar Association’s Rule of Law Initiative and the Higher Institute of the Public Prosecutor’s Office, hosted a seminar titled “Disrupting Criminal and Terrorist Financial Networks” at the Sheraton Hotel in Asunción, aimed at enhancing the technical capabilities of law enforcement to identify and combat criminal organizations that conceal funds using Bitcoin (BTC) and other cryptocurrencies. The seminar focused on analyzing the trend of transnational criminal networks along the tri-border region shifting toward digital methods, including the “Trapiche Operation” case involving financing networks linked to Hezbollah. General Mirko Sokol, Chief of the Bolivian National Police, disclosed at the event that after the arrest of Uruguayan drug lord Sebastián Marset, no large amounts of cash were found at his residence, with transactions primarily conducted via cryptocurrency. On March 11, Paraguay’s National Directorate of Taxation (DNIT) issued Resolution No. 47/26, requiring cryptocurrency exchanges to provide detailed reports on each transaction, including wallet addresses, the networks used, and transaction hash values.