Latest News
- Kuwait-Jordan Durra Field Joint Statement Rejected By Iran
- GTD Cracks Down On Vehicle Noise Pollution In Sulaibiya
- Mystery Of Dead Fish At Shuwaikh Beach Sparks Urgent Action
- MEW To Complete Links With The Interior And Justice Ministries B...
- 8 Expats Jailed For Bribing An Officer To Obtain Driver's Licens...
- Weekend Weather Is Expected To Be Hot
- From Tomorrow, Traffic Diversion On Third Ring Road
- Ministry Of Health Refute Rumors On Non-availability Of Antibiot...
- Amir Of Kuwait And Jordan King Renew Commitment To Regional Secu...
- 37 Arrested With Narcotics And Firearms
- Outrage Over Candidate's Arrest
- Six Stores Shut Down In Jahra For Selling Fake Goods
Sensitive Financial Position Remains Vacant For 2 Years
A heated discussion was witnessed at official and financial levels related to the continued vacant position of the head of the Financial Investigation Unit (FIU), reports Al-Qabas daily.
The discussion follows the issue of money laundering operations involving millions of dinars – believed to be a product of corruption or suspicious transactions which has become the talk of the town in the media. It is noteworthy to mention the FIU does not have a ‘head’ since Basil Al- Haroun resigned from this position in April 2018, nearly two years ago.
The opinion of those involved in the discussions remained divided between those who say this position has reached a ‘dangerous’ level and those who feel the position is deliberately kept vacant for ‘something to happen’, while yet others feel an appropriate person has yet to be found to assume the presidency of this very sensitive position.
Well-informed financial sources told the daily international organizations concerned with combating money laundering and combating terrorist financing have expressed their surprise at this continued vacancy, wondering the real reason behind this.
The sources pointed out that the FIU is no less important than other oversight bodies such as the Central Bank, the Audit Bureau, the Anti- Corruption Authority, the Capital Markets Authority and the Financial Supervisory Authority, rather, it is most important in view of the concerned international parties because it has huge tasks to perform to uphold the country’s reputation in the business and money world given its transparency
Â
SOURCE : ARABTIMES
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Thief Returns Stolen Money With An Apology Letter...
15 April 2024
Comments Post Comment