FIU Head Abdulla Ashraf Removed

News

The Maldives Monetary Authority (MMA) has announced a leadership change at its Financial Intelligence Unit (FIU), with Abdulla Ashraf being removed from the post and replaced by Ismail Sajid.

According to the MMA, Ashraf was reassigned to lead the Risk and Compliance Department as part of structural changes within the institution. Ismail Sajid is set to assume the role of FIU Head starting tomorrow.

Prior to his appointment, Sajid served as a member of the Tax Appeal Tribunal.

The FIU was established under the MMA to combat money laundering and terrorism financing, as well as to monitor financial transactions for any signs of legal violations. The authority to appoint or remove the FIU Head lies solely with the Governor of the MMA.

Ashraf’s removal comes on the same day an alleged intelligence report from the FIU was leaked on social media. The report purportedly contained information on companies in which MP for Baarah constituency, Ibrahim Shujau, held shares.