Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Cyprus calls for collective fight against crypto terror financing

CointimeCointime2024/07/10 12:10
By:Cointime

The Cyprus regulatory agency is calling on accounting and auditing professionals to help detect and prevent terrorist financing activities, with a particular emphasis on monitoring five forms of fund transfers, including cryptocurrencies. The Institute of Certified Public Accountants of Cyprus (ICPAC) is the regulatory body for the accounting industry on the island, and has issued a "terrorism financing alert" to combat this criminal activity. Although law enforcement agencies primarily deal with financial crimes such as money laundering and terrorism financing, ICPAC hopes to involve accounting professionals in supervision. According to ICPAC, terrorist organizations use five methods to transfer funds, including donations through non-governmental organizations (NGOs), cash, bank transfers and gift cards, cryptocurrencies, and shell companies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

What Will Bitcoin Look Like If Kamala Harris Wins the US Election? Analytics Company Reveals Unusual Theory

Analysts at investment firm VanEck believe that even if Kamala Harris wins, Bitcoin could see an unexpected picture.

Bitcoinsistemi2024/09/21 10:33