The Banking Executive Magazine - October 2023

Kuwait’s Central Bank Kuwait’s Central Bank SECURITY WITH ANTI-FRAUD CENTRAL ROOM The Central Bank of Kuwait has asked the banks operating in Kuwait to provide it with the latest develop- ments on the establishment of the central room that will be dedicated to dealing with cases of electronic fi- nancial fraud, designated to work 24/7, reports Al-Rai daily. The bank’s response in principle is that it may be useful to point out that the coordina- tion team for establishing the ‘Cham- ber’ must include representatives from the Union of Banks, the Public Prosecution, the Ministry of Interior, and the Communications and Infor- mation Technology Regulatory Au- thority (CITRA). the BANKING EXECUTIVE 12 ISSUE 178 OCTOBER 2023