Informed sources revealed that the Financial Investigation Unit, which is responsible for auditing money laundering and terrorist financing operations, has asked Kuwaiti banks to tighten the degree and nature of the control over transactions carried out through cash deposit machines.
In a recent meeting with the AML / CFT officials at the banks, the Investigations Unit stressed the need to open the bank’s eyes more on automatic deposits by improving its monitoring, particularly those that are frequently performed on specific persons, and to be provided with detailed reports explaining what If these operations are normal or suspicious.
She pointed out that the cash deposit through machines may be used to launder suspicious funds and transfer them to bank accounts away from the traditional questions, which are usually directed in cases of direct deposit, and more than the value of thousands of dinars, and aims to clarify the source of funds, according to the newspaper ‘ Searched ‘Tags’ for.
Banks can deposit up to 5,000 dinars a day without any questions revealing the privacy and sources of these funds.
The sources added that the investigation unit asked the banks to monitor the operations of depositors of the machines more, and review their data, to ensure that the compatibility of their financial capabilities in terms of income and the nature of their work with the size of their deposits.
The sources pointed out that the banks are not required to investigate the suspects of the machines in question, or stop receiving their money, but must quickly report any suspicious transactions, including the names of the owners, without notifying them that they will be at their expense scrutiny by the public investigations, on the basis of ‘ Take their money and tell us their names. ‘
If any suspicion is found against the client, the legal measures will be taken against him, but if he makes sure that his operations do not include any attempt to launder money or attempt to cover their transfer to lists listed on terrorism lists, Exposure to him look.
The investigation unit also asked the banks to help tighten the screws on the loan merchants, known as the Mukeshin, and provide them with their names, in preparation for their punishment in accordance with the law that criminalizes these practices.
The culture of Takayesh has spread in Kuwait to the point where many of its investors in electronic advertising, through social networking sites, have developed their phone numbers and promoted their readiness to cover the financing needs of any customer, especially those who do not have adequate guarantees, against 33%.
The sources pointed out that the investigation unit informed the banks that Takayish is a criminal in Kuwait and that banks should report any cases that are monitored. Otherwise, they will be involved in the violation, indicating that the focus will be on raising the names of the Mukashin to the unit. On customers who have been exploited.