US launches $5 million PACIFIC program to trace illicit crypto funds
- —PACIFIC gets $5 million for crypto tracing and digital forensics training
- —The program is part of a $44 million US security package for the Pacific
- —Training covers beneficial-ownership probes and AML law updates
- —The initiative aligns with FATF standards and the Budapest Convention
Why it matters: Expanding blockchain analytics across Pacific regulators tightens cross-border oversight and raises risks for illicit crypto services.
Source: Bitcoinist