Terrorism financing

Cyprus lawmakers have taken a significant step in tackling money laundering and illegal activities by approving a proposal to limit large cash transactions. The law, passed with 24 votes in favor and two against, amends the current Law on the Prevention and Combating of Money Laundering.

Bulgaria continues to be listed among countries under enhanced scrutiny by the Financial Action Task Force (FATF). This information was released following the conclusion of the organization's plenary session held this week in Paris.

Seven individuals were detained in Belgium following a series of 14 raids conducted across multiple cities as part of a counter-terrorism operation aimed at preventing an attack ahead of the Paris Olympic Games, which are set to begin tomorrow. The raids took place in Brussels, Antwerp, Liège, and other locations within the country.

BELGRADE - Serbia has made enormous progress in anti-money laundering and combating the financing of terrorism (AML/CFT), National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Thursday at an event that officially marked the beginning of an international assessment of Serbia's AML/CFT system within the sixth round of mutual evaluations launched by Moneyval, the Council of Europe's

The Financial Action Task Force's (FATF) decision to remove Türkiye from its "gray list" is likely to give a boost to inflow of foreign investments into the country, according to experts and analysts.

On June 28, FATF announced that it dropped Türkiye from the "gray list" of countries that require special scrutiny.

The international financial crime watchdog Financial Action Task Force (FATF) removed Türkiye from its "gray list" of countries that require special scrutiny on June 28.

"We succeeded," Turkish Treasury and Finance Minister Mehmet Şimşek wrote on X ahead of FATF's official announcement of Türkiye's removal - a long-awaited move that is expected to accelerate foreign investments.

A report by the Council of Europe's Commission, tasked with evaluating measures against money laundering and terrorist financing, highlights Bulgaria's progress in these areas. Presented alongside the 2022 assessment, the report indicates improvement across 10 out of 12 indicators, with no indicators showing a decline.

The Cyprus government has reaffirmed its steadfast dedication to upholding international standards in combating money laundering and terrorism financing, as outlined in a press release by the Presidency of the Republic.

Türkiye has successfully completed technical studies to be removed from the Financial Action Task Force's (FATF) gray list, Treasury and Finance Minister Mehmet Şimşek has said.

The process will be finalized with an on-site assessment to be conducted in June, the minister wrote on X, formerly Twitter.

The Higher Education Council (YÖK) has collaborated with the Financial Crimes Investigation Board (MASAK) to inform students about the dangers they may face if their bank accounts are used for illegal purposes.