The U.S. Criminal Investigation Division Command (USACIDC) is looking for a software-as-a-service web application to track and uncover illegal cryptocurrency transactions.
According to a work statement released on July 10, the USACIDC has partnered with the Main Cyber Crimes Unit and the FBI You will use the application to uncover activities like fraud, extortion and money laundering with cryptocurrencies.
The organization accepts offers for developed, tested, and readable web applications that will be available by July 20.
The application must enable analysis of multiple currencies
According to USACIDC, an arm of the U.S. Army that carries out criminal investigations worldwide, The web application you are looking for must be able to analyze Bitcoin (BTC) and other major cryptocurrencies in real time and give users the ability to “thoroughly investigate the source of cryptocurrency transactions”.
The document also explains that the USACIDC cloud application should assist in the rapid detection of “suspicious and criminal financial connections, the identification of suspicious cryptocurrency transactions, and the investigation of cryptocurrency connections”.
The app should also have the ability to identify suspicious transaction patterns and interactions with other entities, and a link analysis tool to facilitate data analysis.
Last July, the New Jersey United States Army Recruitment Command released a pre-registration search for a similar web app that law enforcement agencies could use to track and identify people who use cryptocurrencies, for illegal purposes.