The “Central of Kuwait” reveals the banking secrecy of two companies and 12 citizens

The Central Bank of Kuwait decided to disclose bank secrecy on the accounts of a company working in the field of marine equipment, as well as about 7 Kuwaitis for a period of 8 years.

The sources indicated, according to "Al-Rai" newspaper, that the Central Bank's request in this regard came at the request of the Public Funds Prosecution and Anti-Money Laundering. January 1, 2021.

The sources did not explain the reasons for the prosecution's request to reveal the banking secrecy of the targeted accounts, but they pointed out that the decision is related to the issue of inventorying funds.

In a related context, banks were asked to disclose the banking secrecy of 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.

She stated that the period that will be covered by the disclosure of banking secrecy about the company and the 5 citizens extends 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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