KUWAIT CITY, June 16: A statement issued by the United States financial official accusing some Kuwaiti financial institutions of money-laundering has caused dissatisfaction among the Kuwaiti bankers, who denied any relation between the local banks and suspicious financial transactions.

The official statement accused Kuwaiti institutions of illegally transacting 150,000 dollars to the US.

In a press statement, Jamal Al-Mutawa of the Commercial Bank Kuwait said that the financial and banking monitoring system in Kuwait was well-established and professional in nature. Issam Al Osaimi, Director General of the Bank of Kuwait and Middle East, said that it was very difficult to trace such a small amount of 150,000 dollars, as Kuwaiti parents often send money to their children who are studying abroad.