United states launches new pacific program to trace illicit crypto funds
Image: BitcoinistThe United States announced $5 million for the Pacific Alliance for Combating Illicit Finance and Cybercrime program. The initiative aims to strengthen digital asset investigations and law enforcement cooperation across the Pacific Islands. Training will cover cryptocurrency tracing, beneficial-ownership investigations, and digital forensics. The program also supports updates to anti-money laundering and cybercrime laws consistent with international standards.
Key points
- The United States announced $5 million for the Pacific Alliance for Combating Illicit Finance and Cybercrime program.
- Federal agencies will train officers in cryptocurrency tracing, beneficial-ownership investigations, and digital forensics.
- The program will support legal reforms aligned with Financial Action Task Force and Budapest Convention standards.
Why it matters
Law enforcement agencies are receiving dedicated resources and training to investigate blockchain transactions and cross-border digital asset activity.
Sources · 2 publishers
Bitcoinist
Tier 2
US Launches $5 Million PACIFIC Program to Trace Illicit Crypto Funds
Coverage timeline
- First reported by Bitcoin.com News
- Also reported by Bitcoinist
- CryptoVideos brief published
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