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

The Trump Administration announced a series of initiatives that will encompass an investment of over $18 million to disrupt criminal networks in the Pacific, including $5 million to train financial units in cryptocurrency investigations as part of the PACIFIC program. The U.S. is tackling financial crime networks in the Pacific with real investment, targeting crypto as a tool that criminal actors can harness for money laundering. As part of its participation in the first U.S.-Pacific Islands Conference of Police Ministers (COPMIN), the Trump administration announced a series of investments in various areas to support a joint Pacific nation response to organized crime in the theater. The U.S. Department of State stressed that “the networks threatening Pacific communities operate as a single criminal enterprise.

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