Kuwait’s Anti-Money Laundering Committee Reviews National Strategy

Kuwait, a member of the Gulf Cooperation Council, saw the National Committee for Combating Money Laundering and Terrorist Financing convene on Wednesday to follow up on national efforts to strengthen the system and improve coordination among the relevant authorities.

Meeting Overview

The meeting was chaired by Dr Hamad Al-Mekrad, who also heads the Kuwait Financial Intelligence Unit. He informed KUNA that the session was attended by committee members and the relevant authorities, and that several items related to implementing the national plan and strategy were reviewed.

Key Discussions

Al-Mekrad said the meeting examined developments in combating money laundering and terrorist financing, and explored ways to improve coordination and information sharing among the relevant bodies to raise performance and strengthen compliance with international standards and requirements.

Future Steps

He stressed the importance of continued joint work among the relevant authorities to develop the anti-money laundering and counter-terrorist financing system and support the achievement of national strategic goals.