CyprusCyprus reports surge in suspicious financial activity, driven by crypto and cross-border business
Cyprus' financial intelligence unit received over 24,000 suspicious transaction reports in 2025, primarily due to growth in crypto-asset services and international financial activities.
Background
Cyprus has developed into an international financial hub, attracting significant foreign investment and business operations. This growth, particularly in sectors like crypto-assets and cross-border transactions, has led to increased scrutiny regarding financial oversight and the potential for illicit activities.
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Cyprus receives over 24,000 suspicious financial activity reports in one year
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started 2h ago•Last update 2h ago
The report highlights a significant increase in suspicious financial activity, indicating a growing challenge in combating money laundering.
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