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UNIUS commits $5m to train Pacific officers in crypto tracing
The Trump administration has pledged $5m for a Pacific programme that trains regional officers in cryptocurrency tracing and digital forensics, part of a wider $44m push against organised crime.
Why it matters: The US is funding crypto-tracing training and anti-money laundering law updates across the Pacific, treating digital assets as a channel for cartel money flows.
Key points
- US federal agencies will train officers in crypto tracing, beneficial-ownership investigations and digital forensics.
- The programme also aims to align regional anti-money laundering and cybercrime laws with FATF and Budapest Convention standards.
The US has committed $5m to train Pacific officers in crypto tracing as part of a wider drive against organised crime in the region. The announcement came at the first US-Pacific Islands Conference of Police Ministers, according to Bitcoin.com News, and forms part of more than $44m pledged to a cross-regional response.
The $5m goes to the Pacific Alliance for Combating Illicit Finance and Cybercrime (PACIFIC) programme. The scheme also covers help in updating anti-money laundering and cybercrime laws to match Financial Action Task Force and Budapest Convention standards.
Nearly $18.2m of the total is aimed at improving Pacific nations' ability to detect and block money flows supporting narcotics groups in the area. The State Department said the networks threatening Pacific communities work as one criminal enterprise, so breaking them requires action at every link. It added that PACIFIC protects the trusted digital economy that US cloud and telecommunications programmes are helping build across the region.
The move follows a US focus on cartels, including Mexico's Sinaloa cartel, over their use of digital assets to launder proceeds from drug sales. The State Department framed the investment as targeting crypto as a tool criminal actors can use for money laundering.
Live updates on NewsFeeds:AltcoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.
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