Kuwait City – Kuwaiti Banks have been cautioned against illegal transactions and deceptive dealings with Iran.
The Central Bank of Kuwait sent a circular to all Kuwaiti-based banks, enclosing the latest report issued by the US Treasury’s Financial Crimes Enforcement Network (Fin CEN).
The regulatory authority supplied the banks with copies of the report, to enable them to scrutinise their transactions and dealings, in compliance in line with the US sanctions on Iran.
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