U.S. Commits $5 Million to Strengthen Pacific Finance and Cybercrime Units
Photo: TokenPost
The U.S. Department of State will provide $5 million to strengthen financial intelligence and cybercrime units in the Pacific Islands, with training and legal assistance aimed at countering illicit finance. The Pacific Alliance for Combating Illicit Finance and Cybercrime, known as PACIFIC, plans to train officers in cryptocurrency tracing, beneficial-ownership investigations and digital forensics. U.S. legal support will help revise Pacific rules on money laundering and cybercrime to bring them into line with FATF and Budapest Convention standards. The $5 million PACIFIC program is included in a new U.S.
Source: TokenPost
