Instructions to Notify the Central Bank of Any Embezzlement of Banks' Funds

33- INSTRUCTIONS TO NOTIFY THE CENTRAL BANK OF ANY EMBEZZLEMENT OF BANKS’S FUNDS

CHAPTER TWO: The Law, Supervisory & Regulatory Instructions & Controls

• Circulated to all local banks.
  33- INSTRUCTIONS TO NOTIFY THE CENTRAL BANK OF ANY EMBEZZLEMENT OF BANKS’ FUNDS.

1
Zul-Qe’da 2, 1407 H
June 28, 1987
GOVERNOR
THE CHAIRMAN
Instruction to notify the central bank of any embezzlement of banks’ funds* At times, cases of embezzlement occur at banks and are reported to the competent judicial authorities, while the Central Bank comes to know about such cases only through newspapers or from unofficial sources. You are, therefore, kindly requested to inform the Central Bank of any case of embezzlement occurring at your bank, and the names of employees accused of committing such crime, along with the verdict of the competent judicial authorities in this regard. You are also requested to advise the Supervision Department of the Central Bank of the names of your bank’s main Department Managers and of any change thereof, so as to facilitate contact with them regarding ongoing business between your bank and the Central Bank of Kuwait. With my best regards, SALEM ABDUL-AZIZ AL-SABAH