Ashraf transferred from MMA's FIU to Risk and Compliance

Abdulla Ashraf, who previously headed the Financial Intelligence Unit (FIU) at the Maldives Monetary Authority (MMA), has been transferred to lead the authority's Risk and Compliance department.

The Finance Ministry said the change, effective from July 31, is part of ongoing structural reforms aimed at improving the efficiency of the MMA.

However, the transfer follows the leak of a confidential FIU report that accused Baarah MP and PNC vice-president Ibrahim Shujau of corruption and accumulation of unexplained wealth. The leak reportedly led to tensions within the institution.

This is the second time Ashraf has been removed from the position of FIU chief.

The FIU, established under the Prevention of Money Laundering and Terror Financing Act, is responsible for monitoring financial transactions, identifying suspicious activity, and coordinating with relevant agencies to prevent financial crimes.