This post has been read 15168 times!
‘Unknown callers loot many’
KUWAIT CITY, Dec 14: Head of the US Financial and Commercial Crimes Office Dr Jamal Abdul Rahim said the problems related to electronic crimes in the country, including fraud, are getting worse and majority of the victims are above 70 years old, reports Al- Anba daily. Abdul Rahim explained to the daily that most of those who belong to the above-mentioned age group do not have enough experience in technology for them to deal with the professional methods used globally in electronic fraud, especially since WhatsApp messages and calls from unknown persons are the most common means for fraudsters to get money from this group. He then stressed the need to enact laws aimed at preventing fraud, considering the crime causes enormous losses for individuals. He added the existing laws lack provisions on stopping fraud or swindling.
On another issue, Abdul Rahim pointed out that money laundering operations have become a worrisome phenomenon for the national economy and the economies of other countries, as the volume of money laundered globally is estimated at about $3 trillion annually, which is equivalent to eight percent of the volume of international trade, while there is no estimate of such operations in Kuwait.
He attributed the recent increase in the volume of suspicious transactions to the growing volume of investment transactions and electronic commerce through the Internet, particularly the trading and purchase of digital currencies that have spread among investors wishing to reap quick profits. He said many of those concerned with combating money laundering and financing terrorism have been unable to stop such operations, especially in light of the rapid changes in the techniques used by money launderers and their ability to create new and modern ways to transfer funds away from the monitoring of the concerned authorities in the country.