Cyprus has continued to make progress in terms of strengthening efforts in the banking sector to combat terrorist financing, according to the State Department's State of Terrorism 2020 report. Among other things, the report noted that the Green Line provides an important avenue for illicit trafficking of people and drugs. Ending the Cyprus investment program would help prevent terrorists, as well as their sponsors and financiers, from purchasing EU passports, the State Department adds.
(CNA)
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