Mohamed Ishan has been appointed as the new Head of the Financial Intelligence Unit (FIU) at the Maldives Monetary Authority (MMA), following an internal selection process.
His appointment comes after the position became vacant in the wake of the dismissal of Ismail Sajid, who previously held the post.
Before taking on the new role, Ishan served as Head of Finance at the MMA. Officials said his selection followed an internal application and interview process conducted by the central bank.
Ishan is a Chartered Accountant with professional affiliations including Associate Membership of the UK’s Chartered Institute of Management Accountants (CIMA) and Affiliate Membership of the Institute of Chartered Accountants of the Maldives.
During his more than 12 years at the MMA, he has held several senior roles, including positions as Head of the Corporate Accounts Section and Head of the Financial Controls Division, gaining experience across key financial and regulatory functions within the institution.
The Financial Intelligence Unit operates under the Prevention of Money Laundering and Financing of Terrorism Act, serving as a specialized body responsible for monitoring and addressing financial crimes such as money laundering and terrorism financing.
Under Maldivian law, the authority to appoint and dismiss the head of the FIU rests solely with the Governor of the MMA.
Sajid, who most recently held the position, was removed from office amid allegations of sexual harassment. He has denied the claims.
The appointment of Ishan comes at a time when financial oversight and regulatory enforcement remain key priorities for the Maldives’ financial sector.
