Central Bank of Kuwait expands monitoring of cash deposits below 3,000 dinars

Kuwait expands monitoring of cash deposits below 3,000 dinars The new instructions require banks to look beyond the 3,000-dinar reporting threshold and examine repeated smaller deposits and transfers, particularly when their frequency and combined value indicate possible attempts to avoid regulatory scrutiny. The Central Bank of Kuwait is expanding its monitoring of cash deposits and … The post Central Bank of Kuwait expands monitoring of cash deposits below 3,000 dinars appeared first on Times

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