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☎️ CYPRUS REGULATOR SEEKS ACCOUNTANTS' HELP

☎️ CYPRUS REGULATOR SEEKS ACCOUNTANTS' HELP

Day: 10 | Time: 14:09:19 The regulatory authority in Cyprus has asked accounting professionals to help identify and prevent terrorist financing activities, with a particular focus on five methods of fund transfer, including cryptocurrencies. The authority has issued a "terrorism financing alert" and has urged accountants to report any suspicious transactions. The reported transactions will undergo scrutiny, and specialized blockchain tools will be used to verify identities and monitor the transactions. According to a US Treasury official, Palestinian militant groups are using cryptocurrencies to finance terrorist activities but still prefer traditional methods.

Crypto transactions monitoring
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Source: Cointelegraph