UAB fights laun­der­ing

Kuwait Times - - LOCAL -

CAIRO: Chair­man of the Union of Arab Banks (UAB) Sheikh Mo­ham­mad Al-Jar­rah Al-Sabah said yes­ter­day that UAB is firm on deal­ing with is­sues grip­ping the world, most no­tably, money laun­der­ing and ter­ror fi­nanc­ing, and is work­ing with the in­ter­na­tional com­mu­nity on that re­gard and to cut off all fund­ing sources for the Is­lamic State (IS). Sheikh Mo­ham­mad Al-Jar­rah, who is also Chair­man of Kuwait In­ter­na­tional Bank (KIB), made these re­marks in a state­ment to the press af­ter meet­ing with the Sec­re­tary Gen­eral of the Arab League Ah­mad Abul-Gheit.

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