Kuwait tightens bank oversight on expats’ accounts to combat fraud risks

The Central Bank of Kuwait has issued a circular to local banks mandating tighter monitoring of accounts held by expatriate workers whose work permits have expired, as part of efforts to curb financial misuse and enhance regulatory compliance. In coordination with the Public Authority for Civil Information (PACI), the Central Bank has introduced an automated … The post Kuwait tightens bank oversight on expats’ accounts to combat fraud risks appeared first on Times Kuwait .

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