Australia commits over $5M to strengthen AUSTRAC-led Pacific partnerships, enhancing intelligence sharing and capabilities to disrupt cross-border criminal money flows

The funding will support Pacific financial intelligence units through the Pacific Financial Intelligence Community, including further development of Project Taipan, AUSTRAC’s financial intelligence system now implemented in 10 Pacific countries. AUSTRAC will also expand training, mentoring and practical detection capability for analysts and regulators, with a focus on illicit flows linked to drug trafficking, child sexual exploitation, environmental crime and other serious regional threats…