'Central Bank': Reporting Unlicensed Financial Activities - Sarmad
Press coverage 1 newspapers covered this event: Al-Rai →
The Central Bank of Kuwait called for reporting unlicensed financial activities to protect national economic stability.
Translated by Qiyas from سرمد — Original source
The Central Bank of Kuwait has called for cooperation and the reporting of any information related to individuals or entities engaging in unlicensed financial activities, warning that such practices may pose a risk to funds and the stability of the country’s economy, and expose participants to financial risks.
In a post on its X platform, the bank clarified that the activities subject to reporting include money transfer operations, the provision of financial financing, and unlicensed electronic payment links.
The Central Bank urged the public to report such activities via phone at 22972999 or by email at [email protected], emphasizing the importance of cooperation in combating unlicensed financial activities and contributing to ensuring a secure financial environment.
