The Central Bank of Kuwait has requested banks to disclose the accounts of a company working in the field of marine equipment, as well as details of the accounts of about 7 Kuwaitis for the past 8 years.
The sources indicated that the Central Bank’s request in this regard was based on the request of the Public Funds Prosecution and Anti-Money Laundering authorities, whereby the banks reported the need to provide the Public Prosecution with all the required information about the company’s accounts and the 7 persons from January 1, 2014 to January 1, 2021, according to a local Arabic daily.
The sources did not explain the reasons for the prosecution’s request about the targeted accounts, but they pointed out that the decision is related to the issue of ‘inventory’.
In a related context, banks were asked to disclose the banking secrets about a company engaged in international trade, in addition to 5 citizens for a period of 10 years, while the sources suggested that all the names whose account data is required to be disclosed are related to the company associated with them in the same case. The sources stated the covered in this case is from January 1, 2012 until January 1, 2021.
In its circular, the Central Bank stressed the need for banks to speed up providing the required data.
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