Sudden Increase In MP’s Cash In Bank --- Probe On
Category: Kuwait
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An unidentified bank has referred to its Financial Intelligence Unit (FIU) the file of an MP whose account has suddenly bloated by about 1.5 million dinars, reports Al- Qabas daily.

A reliable source said the bank balance of the MP suddenly increased in a unjustified manner from the point of view of the bank’s Compliance Unit which has the duty to apply a set of conditions and rules to prevent money laundering or terrorism financing.

The source added it is a normal procedure and that there is nothing unusual in such referrals to the Financial Intelligence Unit to examine the file and/or to refer it to the competent security authorities to look into the suspicions. However, this depends on how the concerned party (the MP) responds to the queries submitted to him such as proving the source of the money.

 

SOURCE : ARABTIMES

16 Dec, 2018 0 323
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