Cyprus and the US double down on a joint effort to combat financial crimes with more training

NICOSIA, Cyprus (AP) — Cyprus and the U.S. say they’re doubling down on a joint effort to crack down on illicit finance with additional training of Cypriot law enforcement authorities to identify, investigate and prosecute financial crimes. According to a joint statement issued Monday, an “ambitious” plan for next year will involve 21 weeks of training for different Cypriot law enforcement agencies on financial investigative and forensic accounting techniques, as well as the use of technology in investigations. The plan adds to a U.S. initiative launched 20 months ago following a pledge by Cypriot President Nikos Christodoulides to clean up the island nation’s sullied reputation as a money laundering and sanctions evasion hub.