Express

USPIS Internal Audit Recommends a Crypto Training Program for Investigators

Amy Liu

Summary: According to an internal audit report, the U.S. Postal Inspection Service (USPIS) said its management of seized cryptocurrency assets and crypto-related investigative procedures need to be improved. The audit was led by Mary Lloyd, the agency’s cybersecurity and technology expert. It found a “lack of standardized [cryptocurrency] training” for postal inspectors and inconsistent communication between ...

According to an internal audit report, the U.S. Postal Inspection Service (USPIS) said its management of seized cryptocurrency assets and crypto-related investigative procedures need to be improved. The audit was led by Mary Lloyd, the agency’s cybersecurity and technology expert. It found a “lack of standardized [cryptocurrency] training” for postal inspectors and inconsistent communication between inspectors and the Cryptocurrency Fund Program.

Additionally, accounting software used by USPIS to track transfers of cryptocurrencies during investigations was found to have “data integrity issues,” including duplicate transactions, that resulted in inaccurate records.

Lloyd’s report said that USPIS should develop a “comprehensive cryptocurrency training program” for its inspectors, “develop written procedures for the management and oversight of the national wallet,” fix the accounting system and improve communication between inspectors and the Cryptocurrency Fund Program.

By Amy Liu

Last Update:

Tags: ,,,
Link: USPIS Internal Audit Recommends a Crypto Training Program for Investigators   [Copy]
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago
  • You need to login to comment.