Cyprus police are continuing their investigation into a terrorism financing case involving eight suspects arrested two days ago.
The case, described as one of the most serious currently under investigation, stems from intelligence provided by foreign agencies linking the suspects to funding a terrorist organisation based in Syria.
Authorities are now working to transform the initial intelligence into evidence. Investigators are conducting an analysis of documents and digital devices seized from the suspects to determine how money was transferred and its origins.
While investigators have some suspicions about the funding methods, forensic examination of computers, mobile phones, and documents is expected to provide more definitive answers.
The investigation is being conducted with utmost secrecy due to the sensitive nature of the information involved.
Interpol and Europol have been called upon to assist in the probe. The organisation in question is believed to be an offshoot of Hezbollah in Syria.
As the money transfer methods appear to be unconventional and not through traditional banking channels, forensic examination of evidence is crucial to establish the money trail.
The suspects deny any involvement in the allegations made by the authorities.
Police are investigating charges including conspiracy to commit a felony, participation in a criminal organisation, and terrorism-related offences.
The Cybercrime Division is playing a key role in tracing the electronic addresses allegedly used for money transfers.
Five of the suspects resided in Limassol and three in Paphos. All hold subsidiary protection status due to the ongoing situation in Syria.
Police spokesperson Christos Andreou stated that the individuals were allegedly raising money and sending it to a specific terrorist organisation. He emphasised that there is no evidence suggesting any planned terrorist activity within Cyprus.
