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US Launches $5M Pacific Program to Hunt Illicit Crypto Funds

US Launches $5M Pacific Program to Hunt Illicit Crypto Funds

Over $44 million was allocated to launch a cross-regional response to these criminal networks, securing the maritime Pacific domain, building enduring partnership effectiveness, and disrupting the flow of money managed by criminal networks in the area.

Nearly $18.2 million was destined to enhance the preparedness of Pacific nations, detect and thwart the money flows that support the operation of narcotic groups that operate in the Pacific area.

Of these, $5 million was destined for the Pacific Alliance for Combating Illicit Finance and Cybercrime (PACIFIC) program, which focuses on giving Pacific islands the tools to detect the use of digital assets in crime operations.

During PACIFIC, “U.S. federal agencies will train officers in…

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