If you feel you weren’t given the product or service you paid for, or if you suspect a merchant or broker is fraudulent, you have the right to have your voice heard. The following basic four-step process applies everywhere for traditional frauds or to report crypto scams.

What are CIRs and BWIR and how can they help you?

Bank Wire Intelligence Reports (BWIR) give banks the information they need to consider freezing suspicious accounts, and prevent your money from being laundered. If you have made a bank wire transfer that you realize after the fact may have been to a potentially fraudulent merchant or broker, simply filing a complaint to the bank isn’t enough. Providing evidence and information in a detailed BWIR can influence banks to take action.

So how can fund recovery in cryptocurrency money laundering cases be possible if the blockchain is anonymous? This issue of anonymity can be dealt with in several ways. First, although those who perpetrate bitcoin scams can be clever, they may not realize they are leaving obvious patterns. This is true with every kind of fraud. People are creatures of habit and this is also true of those who run fraudulent operations.

The blockchain can be exciting but perilous.

The convenience of cryptocurrencies is coupled with the many frauds associated with digital assets. If you have lost funds to a crypto scheme or if your bitcoin wallet has been hacked, we will use crypto trace technology and methods to create a CIR for you. With a CIR, you can approach law enforcement with information about the crypto scheme, including names and locations of persons of interest. A CIR gives the police and agencies a head start in pursuing your case and increases the likelihood of a successful outcome.