Odaily Planet Daily News Cyprus regulators called on accounting and auditing professionals to help detect and prevent terrorist financing activities, and placed special emphasis on five ways of transferring funds, including cryptocurrencies. The Cyprus Institute of Certified Public Accountants (ICPAC), the regulator of the accounting industry in the island country, issued a "Terrorist Financing Alert" to combat this crime. While law enforcement agencies mainly deal with financial crimes such as money laundering and terrorist financing, ICPAC hopes to involve accounting professionals in supervision. According to ICPAC, terrorist organizations use five methods to transfer funds, including donations through non-governmental organizations (NGOs), cash, bank transfers and gift cards, cryptocurrencies, and shell companies.