US tax authorities are in Cyprus this week to provide training on financial investigations and forensic accounting, Ambassador Julie Fisher said on Monday.

“Together, we’re strengthening efforts to combat money laundering and related financial crimes,” she said in a post on X.

The US Treasury Department’s Internal Revenue Services Criminal Investigation (IRS-CI) experts will meet counterparts from the finance and justice ministries and the police.

“The visit will serve as an opportunity to discuss emerging money laundering tactics and other financial crimes affecting both countries, and law enforcement techniques to tackle them,” the US department said.

This is part of ongoing efforts to strengthen collaboration, training and sharing of information with international partners in the fight against illicit financial activity.

In March, Cyprus and the US embassy announced cooperation between the countries’ justice systems to enhance Cypriot capabilities to counter illicit finance.

The United States Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI), with support from the US Department of State’s Bureau of International Narcotics and Law Enforcement Affairs (INL) and Embassy Nicosia, have established direct cooperation with ROC law enforcement entities to enhance capacity in identifying and prosecuting financial crimes.