Cryptoasset Investigation tools

Tender description

His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and helps families and individuals with targeted financial support. FIS is responsible for the department's civil and criminal investigations into the most serious fraud, money laundering, and wrongdoing, working to protect funding for UK public services, investigate the most harmful tax frauds and criminals, and ensure that none are beyond our reach. While traditional money laundering methods are still favoured by criminals, technology is transforming the financial services landscape. With the growth of the digital economy, money launderers are looking to exploit these new technologies due to their increasing prominence, their relative ease of use, and most importantly the consistent lack of transparency. HMRC are considering the future of cryptoasset investigation services and would like to invite suppliers to provide an in-depth overview of the types of crypoassets and cryptoasset investigation tools & and ancillary services in the markets, as well as some strategic insight as to what this fast-growing market may evolve into as it matures. It is envisaged that the procurement for cryptoasset investigation services will launch in July/August 2023, post market engagement days (planned for w/c 17/07 but STC), Please note that this Procurement may not progress in this or any other format and is subject to the relevant internal Governance and approvals. Lot 1: HMRC are considering the future of cryptoasset investigation services and would like to invite suppliers to provide an in-depth overview of the types of crypoassets and cryptoasset investigation tools & and ancillary services in the markets, as well as some strategic insight as to what this fast-growing market may evolve into as it matures. It is envisaged that the procurement for cryptoasset investigation services will launch in July/August 2023, post market engagement days (planned for w/c 17/07 but STC), Please note that this Procurement may not progress in this or any other format and is subject to the relevant internal Governance and approvals. Additional information: HMRC is issuing this PIN in order to: 1. Advise the Blockchain and Technology Industry that HMRC is considering undertaking a tendering exercise to award a new contract for the provision of Crypto fraud investigation tools 2. Request information from the market on best practice implementation and implementation periods 3. Current capabilities 4. Future capabilities 5.Market insight on industry direction of travel 6. Identify common Social Value themes across the market to inform the Commercial approach to this exercise