CENTRAL BANK TIGHTENS MONITORING OF FINANCIAL TRANSACTIONS INSIDE AND OUTSIDE KUWAIT

  • 25/06/2022

Kuwait City: The Central Bank has made it clear that all banks operating in the country are required to provide information on financial transfers inside and outside Kuwait and cash deposits of 3,000 dinars or more. This information must be submitted by July 3rd. The central bank has informed the banks that it has decided to set up a database (TRS) to report transactions. 


Sources said the decision was taken as part of strengthening the central bank's intervention to examine the extent of banks' commitment to monitor extraordinary activities. Sources said the central bank had earlier informed the bank officials that it plans to create more procedures to help strengthen the move to investigate, follow and analyze the practices of abnormalities.

Related News

Kuwait Bans Water Pistols and Balloons
  • 07/02/2025
Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025
Security campaigns in Jleeb and Ahmadi
  • 27/01/2025
Kuwait introduces new housing standards for workers
  • 26/01/2025
2 Young Men Killed in Saad Al-Abdullah Car Crash
  • 26/01/2025
Women’s Health Index: Kuwait ranks 1st in Middle East, 2nd ...
  • 26/01/2025