The Maldives Monetary Authority (MMA) has today appointed Mohamed Ishan as the Head of the Financial Intelligence Unit (FIU), the national body responsible for coordinating efforts to combat money laundering and financing of terrorism.
The appointment was made following an internal recruitment process open to MMA staff, where candidates who expressed interest underwent a rigorous interview process. Prior to this appointment, Ishan served as the Head of Finance at the MMA.
Ishan, a highly qualified and experienced professional in the financial sector, is a Chartered Accountant and holds associate membership with the Chartered Institute of Management Accountants (CIMA) in the UK.
Additionally, he is an affiliate member of the Institute of Chartered Accountants of the Maldives.
Since joining MMA in 2014, Ishan has held several key position over the past decade, including Head of the Corporate Accounts Section and Head of the Financial Controls Division. In these roles, he has been responsible for significant aspects of financial management and internal operations within the institution.
The Financial Intelligence Unit is an autonomous body established within the MMA under the Prevention of Money Laundering and Financing of Terrorism Act. By law, the Governor of the Maldives holds the authority to appoint and remove the Head of FIU.
The appointment of a new head follows the dismissal of former FIU Head, Ismail Sajid in January this year. His removal came after an internal investigation by the MMA’s sexual harassment committee upheld allegations against him, concluding that he was unfit to remain in the position.