Sajid appointed as new head of MMA's FIU

Ismail Sajid has been appointed as the new head of the Financial Intelligence Unit (FIU) at the Maldives Monetary Authority (MMA).

MMA announced that the appointment is part of a set of structural changes aimed at strengthening the organisation’s operations. Sajid is set to officially assume his new role tomorrow.

He replaces Abdulla Ashraf, who has been transferred to lead the Risk and Compliance Department at MMA. According to the Finance Ministry, Ashraf’s transfer took effect on March 31.

Ashraf’s reassignment follows the leak of a report prepared by the FIU that accused Baarah MP and PNC vice-president Ibrahim Shujau of corruption and accumulation of unexplained wealth. This marks the second time Ashraf has been removed from the FIU chief position.

The FIU, established under the Prevention of Money Laundering and Terror Financing Act, is tasked with monitoring financial transactions and working with enforcement agencies to combat financial crimes.