Cyprus and U.S. Strengthen Partnership to Combat Financial Crime
The United States and Cyprus have reinforced their joint commitment to fighting illicit finance, unveiling plans to enhance Cypriot capabilities in detecting and prosecuting financial crimes, according to a joint press release from the Republic of Cyprus and the United States Embassy.
The collaboration, which began in March 2024, has seen the U.S. Department of Justice (DOJ) and Federal Bureau of Investigation (FBI) working closely with Cypriot authorities to bolster the Mediterranean nation’s financial crime-fighting capabilities.
As part of the strengthened partnership, Cyprus will host a Regional Legal Advisor (RLA) following a request from Cypriot authorities. The RLA programme deploys U.S. prosecutors to assist governments in prosecuting complex criminal cases.
The initiative has improved Cyprus’s ability to handle complex financial criminal cases through expert investigative and prosecutorial assistance from U.S. authorities, helping to counter money laundering and reinforce the integrity of the Cypriot legal system and economy.
Looking towards 2025, the partnership includes an extensive training programme comprising more than 21 weeks of instruction for Cypriot law enforcement agencies.
The training, to be conducted both locally and at the International Law Enforcement Academy in Budapest, will cover financial investigative techniques, forensic accounting, case management, and technological solutions.
The programme receives support from the U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs and the U.S. Embassy in Nicosia.
Source: In-Cyprus
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