Cyprus Warns Financial Institutions and Non-Profit Organizations About Terrorist Financing

Cyprus has issued a warning. This directive from the Institute of Certified Public Accountants of Cyprus (ICPAC) highlights the need for increased control of cryptocurrency transactions and non-profit organizations (NPOs) as they are becoming increasingly vulnerable to exploitation by terrorist organizations. The directive emphasizes the importance of implementing strict monitoring and reporting measures for cryptocurrency transactions and NPOs to prevent potential misuse by terrorist groups. Calling on Cyprus’ accounting and auditing sectors…