US Launches $5 Million PACIFIC Program to Trace Illicit Crypto Funds

The United States has announced $5 million for a regional program intended to strengthen cryptocurrency investigations and combat illicit financial activity across the Pacific Islands. The Pacific Alliance for Combating Illicit Finance and Cybercrime (PACIFIC) initiative forms part of a broader security package exceeding $44 million focused on law enforcement cooperation and efforts to disrupt transnational criminal networks. TL;DR $5 million initiative: PACIFIC will support cryptocurrency tracing, digital forensics and beneficial-ownership investigations. Broader security package: The funding forms part of more than $44 million in announced US initiatives for the Pacific region. Legal cooperation: The program also aims to strengthen regional anti-money laundering and cybercrime frameworks. What the PACIFIC Program Will Fund The initiative was announced in connection with the inaugural US-Pacific Islands Conference of Police Ministers.

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