Friday, October 30, 2020

Maldives central bank, Ahmed Naseer chief quits amid allegations of money laundering

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Governor of the Maldives Monetary Authority (MMA) Ahmed Naseer resigned Wednesday amid allegations of embezzlement and money laundering against him.
 
The SunOnline reported that Naseer met with the staff at MMA and announced his resignation.
 
His resignation came amid serious allegations against him in connection with embezzlement and money laundering case related to the Maldives Marketing and Public Relations Corporation (MMPRC), the government body mandated with the promotion of Maldives as a tourist destination.
 
 
One of the allegations is that he attempted to interfere in the work of the Financial Intelligence Unit (FIU), an autonomous unit within the central bank charged with identifying suspicious financial transactions with possible links to money laundering and terrorism financing.
 
Naseer was appointed Governor of MMA in August 2017.
 
Neither Naseer nor the MMA has issued official confirmation of the resignation as of yet, the SunOnline report said.
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