LOC16:19
13:19 GMT
KUWAIT, Dec 14 (KUNA) -- Kuwait's Public Prosecutor Saad Al-Safran announced on Sunday plans to establish a specialized prosecution office in 2026 to investigate banking crimes, including cyber fraud, bank forgery and bounced checks, strengthening protection of the national financial system.
In a statement, Al-Safran said rapid financial transformations have made the move a pressing necessity to boost confidence in banking transactions, noting that the upcoming phase will bring qualitative upgrades to crime-fighting mechanisms in the sector.
He explained that members of the new banking prosecution will be selected based on objective criteria, including professional competence and practical experience, to build an investigative and prosecutorial framework capable of addressing evolving financial crimes.
The office will, for the first time, prepare periodic analytical studies and reports monitoring banking crime methods and proposing practical solutions, positioning it as a key reference for analysis and information.
The prosecution will also roll out legal awareness programs when needed, targeting institutions and the public to raise awareness of digital crimes and related legal procedures in line with the rise of electronic fraud, it added.
The decision marks a significant step toward safeguarding the national economy, protecting financial transactions and reinforcing a stable, secure economic environment.
The banking crimes prosecution office is scheduled to begin operations in 2026, ushering in a new phase of firm and professional action against financial crimes. (end)
nsh.sar