Local banks asked to disclose records of some persons, cos

HH Amir congratulates S. Africa, Sierra Leone on National Days ‘Decision related to issue of inventorying funds’ KRCS distributes 2,418 food parcels in Yemen

ADEN, April 27, (KUNA): Kuwait Red Crescent Society (KRCS) on Tuesday started giving out 2,418 food parcels to internally displaced persons (IDPs) in four governorates in Yemen as part of “Kuwait beside You” campaign, which continues for eighth year running.

“The relief effort targets needy families in the governorates of Aden, Taizz, and Ma’rib and Hadhramaut,” said KRCS Director-General Abdulrahman

Al-Aoun. “It aims to alleviate the suffering of IDPs in the holy month of Ramadan,” he said, affirming KRCS resolve to continue the aid campaign in collaboration with the Yemeni local authorities and partners.

KUWAIT CITY, April 27: According to informed sources, the Central Bank of Kuwait has issued a circular to local banks to disclose the financial records of several accounts belonging to a company operating in the field of marine equipment, as well as the financial records of seven citizens dating back to eight years, reports Al-Rai daily.

They explained that the Central Bank’s request in this regard was based on the request of the Public Funds Prosecution and Anti-Money Laundering. The banks reported the need to provide the Public Prosecution with all the required information about the accounts of the company and the seven individuals for the period from January 1, 2014 to January 1, 2021.

Explain

The sources did not explain the reasons behind the prosecution’s request to reveal the banking records of the targeted accounts, but they highlighted that the decision is related to the issue of inventorying funds.

In a related context, a circular was sent to banks to disclose the bank records of a company engaged in international trade, as well as the bank records of five citizens for a period of ten years.

The sources indicated that all the individuals, whose accounts are required to be disclosed, are related to the company in the same case.

The Central Bank, in the circular, stated that the financial records of the citizens in question should be of the period from January 1, 2012 until January 1, 2021. It stressed the need for banks to speed up the provision of the required data.

KUWAIT CITY, April 27, (KUNA): His Highness the Amir Sheikh Nawaf AlAhmad Al-Jaber Al-Sabah sent Wednesday a cable to President of South Africa Cyril Ramaphosa to congratulate him on his country’s National Day, wishing him good health and for his people progress and prosperity.

His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah and His Highness the Prime Minister Sheikh

Sabah Khaled Al-Hamad Al-Sabah sent similar cables to Ramaphosa.

Also, His Highness the Amir Sheikh Nawaf sent Wednesday a cable to President of Sierre Leone Julius Maada Bio to congratulate him on his country’s National Day, wishing him good health and for his people progress and prosperity. His Highness the Crown Prince Sheikh Mishal and His Highness the Prime Minister Sheikh Sabah Khaled sent similar cables to Bio.