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ARTICLE · 27 JUNE 2023

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Circular C580: Guidance On Identifying, Assessing And Understanding Terrorist Financing Risks In The Context Of Crypto Assets Activities

Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC
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The Cyprus Securities and Exchange Commission (the "CySEC") has issued on the 01 June 2023 Circular C580 about the issuance of a guide on identifying, assessing and understanding Terrorist...

CyprusTechnology
Stephanos Ayiomamitis
Stephanos Ayiomamitis
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The Cyprus Securities and Exchange Commission (the "CySEC") has issued on the 01 June 2023 Circular C580 about the issuance of a guide on identifying, assessing and understanding Terrorist Financing Risks in the context of Crypto Assets activities (the "Guidance").

The Guidance includes relevant sources of information that should be considered when identifying and assessing terrorist financing risks associated with crypto-asset activities. It also includes general considerations for understanding terrorist financing risks in relation to crypto-asset activities, with relevant examples and types of activities that create red flags for potential terrorist financing in the context of these activities.

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