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Banks asked to reveal 6 expats money deals

This post has been read 47325 times!

KUWAIT CITY, Oct 25: The Central Bank of Kuwait, on the strength of the decision issued by the Public Funds Prosecution (PFP) has requested local and foreign banks to disclose the activities of 6 expatriates – two Egyptians, two Iranians and two Jordanians, reports Al-Qabas daily.

The Prosecution, according to the daily, has said the six suspects can no longer avail of the ‘banking secrecy law’ because of their activities and ordered all foreign and national banks operating in the State of Kuwait to disclose their assets and money movement from July 1, 2019 to date, however, restricting them to money laundering felonies. According to the Public Prosecution all foreign transfers made by them through exchange companies which are subjected to the Central Bank of Kuwait laws and regulations are of particular interest.

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