The United States has announced $5 million for the PACIFIC program to strengthen cryptocurrency investigations and combat illicit financial activity across the Pacific Islands. Training will cover cryptocurrency tracing, digital forensics and beneficial-ownership investigations, as well as updates to anti-money-laundering and cybercrime laws. The initiative is aligned with standards from the Financial Action Task Force and the Budapest Convention on cybercrime, while supporting regional law-enforcement cooperation. The funding forms part of a broader US security package exceeding $44 million for the Pacific region.
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