Currency Tracking Technologies will provide law enforcement with the technology to process and record seized cash which can be used as a resource to fight crime.
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Currency Tracking Technologies (CTT) is developing proprietary software applications and systems for recording and managing information on U.S. currency to enhance the capabilities of law enforcement agencies and the intelligence community in detecting and solving crimes.
Paper currency is a facilitator and motive for most of the major categories of crime, such as drug trafficking, human trafficking, illegal gambling, counterfeiting, money laundering, robbery, illegal arms trading and terrorism. Currency used in these undertakings is often recycled and maintained within criminal enterprises and is a main source of financing. Because of the link between cash and illicit activity, law enforcement needs to leverage available information and technology related to the tracking of currency.
To identify crime patterns and interdict crime, cash can be a valuable tool for law enforcement. One method of using cash to apprehend criminals is to conduct undercover sting operations using these bills as “buy” money. Bills that have previously been confiscated, processed and recorded can lead to criminals much in the same manner as a GPS tracking device. To exponentially increase the effectiveness of law enforcement’s ability to detect crime through currency tracking, CTT has developed powerful applications and a secure network which allow inter-agency sharing and cross-matching of data. In the past, the linking of criminal activity and crime networks to seized cash has been a challenge for law enforcement, as criminals took advantage of the disconnect between agencies and their exchange of information.
We are a dedicated team of law enforcement and military veterans who have joined with technological innovators to design and implement software applications and a secure network for law enforcement and the intelligence community to track and share currency data. We believe this software, database and network will become the industry standard for managing currency information, creating a national index of currency records and establishing uniform protocols related to the processing and accounting for currency seized by law enforcement.
Cash is a critical component in criminal activity. CTT will provide law enforcement with a valuable tool in tracking cash marked for buy operations, which can lead to the apprehension and conviction of criminals. Once processed through CTT’s system, each bill is associated with the related case file and current sting deployment information, and can be quickly identified by any participating agency nationwide. The tracking of currency used in illegal activities can be a critical investigative tool in solving a number of crimes, particularly drug trafficking. (Source: “Combating Money Laundering and Other Forms of Illicit Finance: Regulator and Law Enforcement Perspectives on Reform” – Statement Before the Senate Banking, Housing, and Urban Affairs Committee, Washington, D.C., November 29, 2018)
CTT will provide real-time data searches, analytics and reporting capabilities. The system will feature a user-friendly interface, secure access controls, cloud-based storage, blockchain technology and advanced encryption. Created for law enforcement professionals, CTT’s applications can be customized and integrated with existing local, state, regional, and federal crime information networks.
The suitcase full of cash is not just an image used in gangster movies. Paper currency is still one of the biggest facilitators and motives for most of the major categories of crime, including drug trafficking, human trafficking, illegal gambling, counterfeiting, money laundering, robbery, illegal arms trading, and terrorism. Because of the link between cash and illicit activity, law enforcement needs to leverage available information and technology related to the tracking of currency. (Source: International Chamber of Commerce – Commercial Crime Services https://www.icc-ccs.org/index.php/1116-criminals-still-prefer-cash-for-money-laundering)
To identify crime patterns and interdict crime, cash can be a valuable tool for law enforcement. One method of using cash to apprehend criminals is to conduct undercover sting operations using these bills as “buy” money.
Bills that have previously been confiscated, processed and recorded can lead to criminals much in the same manner as a GPS tracking device. To exponentially increase the effectiveness of law enforcement’s ability to detect crime through currency tracking, CTT is developing powerful applications and a secure network which allows inter-agency sharing and cross-matching of data. The linking of criminal activity and crime networks to seized cash is a challenge for law enforcement, as criminals take advantage of the disconnect between agencies and their exchange of information.
This system was installed in a number of county, state and federal law enforcement agencies, including DEA, and was successfully used in sting operations as well as several counter-terrorism operations abroad. That experience and know-how were passed along to CTT, including reports, wire-frames and law enforcement contacts. Although the previous platform that had been created was successful, law enforcement demanded the further development of a secure network and database that would enable law enforcement agencies to communicate and share critical information to help thwart or better prosecute criminal activity.
Technology has advanced significantly in terms of cloud storage, processing power, and data transmission speed. Through blockchain security, an immutable chain of evidence can be created. In addition, local, state and federal law enforcement agencies have been mandated to improve their communications and sharing of information.
CTT represents the evolution of the initial concept, the collection of data from an advanced function currency scanner and its transference into a secure database through a proprietary network for access by law enforcement. The Company has identified the specific user requirements and product features, the system framework and components, technology partners and software applications, the security protocols, the data elements to be captured, and the standard reports that will be available. With the funds from the crowdfunding offering, CTTwill develop the system that has been designed. The Company is filing a provisional patent application with the U.S. Patent and Trademark Office regarding a shared secure network and database using blockchain technology to create an immutable chain of evidence for law enforcement. The expected time-frame for completing CTT’s system is three to six months with a product rollout in mid 2020.
Offering Summary
Maximum 1,070,000* membership interest ($1,070,000)
Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below
Minimum 500 UNITS OF membership interest ($500)
This offering is eligible for the StartEngine Owner’s 10% Bonus.