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[INTERNATIONAL] · United States, Australia, New Zealand, France, Philippines · 5 sources

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United States allocates $44 million to combat Pacific criminal networks

Pacific Alliance for Combating Illicit Finance and Cybercrime cryptocurrency laundering organized crime maritime security cybercrime

The United States and several Pacific Island nations have launched a series of initiatives to disrupt organized crime, drug cartels, and cybercrime networks across the Pacific region. Following the inaugural US-Pacific Islands Conference of Police Ministers in Los Angeles, the U.S. committed over $44 million to strengthen maritime security and law enforcement cooperation.

A significant portion of this funding, approximately $18.2 million, is dedicated to enhancing the preparedness of Pacific nations to detect and thwart money flows supporting narcotic groups. Within this allocation, $5 million is specifically designated for the Pacific Alliance for Combating Illicit Finance and Cybercrime (PACIFIC) program. This program aims to train regional officers in digital forensics, cryptocurrency tracing, and beneficial ownership investigations.

The agreement also focuses on addressing the rise of international online scam operations and the exploitation of cryptocurrency for money laundering. Participating governments, including officials from Australia, New Zealand, France, the Philippines, and Ecuador, have pledged to increase intelligence sharing regarding criminal infrastructure and strengthen the investigative capabilities of national cybercrime and financial intelligence units.

Entities

Los Angeles · Pacific Alliance for Combating Illicit Finance and Cybercrime · Palau · United States Coast Guard · United States Department of State

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 2 SOURCES] Approximately $18.2 million is destined to enhance the preparedness of Pacific nations to detect narcotic group money flows. news.bitcoin.com
  • [○ 1 SOURCE] The agreement includes plans to expand intelligence sharing and strengthen port security. www.socialnews.xyz
  • [● 2 SOURCES] $5 million is allocated to the Pacific Alliance for Combating Illicit Finance and Cybercrime (PACIFIC) program. news.bitcoin.com
  • [○ 1 SOURCE] The United States committed more than $44 million to strengthen law enforcement and maritime security in the Pacific. www.socialnews.xyz
  • [○ 1 SOURCE] The initiative aims to update local anti-money laundering laws to disrupt cartel digital asset flows. news.bitcoin.com
  • [○ 1 SOURCE] The inaugural US-Pacific Islands Conference of Police Ministers was held in Los Angeles on October 21 and 22. www.socialnews.xyz
  • [○ 1 SOURCE] Participating countries include Australia, New Zealand, France, the Philippines, and Ecuador. www.socialnews.xyz
  • [● 2 SOURCES] The PACIFIC program will train regional officers in cryptocurrency tracing and digital forensics. news.bitcoin.com

Sources

Autoridades espanholas investigam movimentação milionária em carteiras ligadas ao caso Arbistar · CriptoNoticias BR [www.criptonoticias.com.br]
US, Pacific nations target cybercrime networks [bhaskarlive.in]
US, Pacific nations target cybercrime networks [www.mangalorean.com]
US Launches $5M Pacific Program to Hunt Illicit Crypto Funds [news.bitcoin.com]
US, Pacific nations target cybercrime networks [www.socialnews.xyz]