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Kuwait keen on working with regional countries to combat money laundering
April 28, 2016, 1:25 pm

Kuwait is keen and actively working with countries in the region to boost efforts on combating money laundering and terrorist financing, Kuwaiti finance figure said Thursday.

Kuwaiti President of the Financing Investigation Unit and head of the National Committee for Combating Money Laundering and Terrorism Financing Talal Al-Sayegh made the remarks on the sideline of the 23rd meeting of Middle East and North Africa Financial Action Task Force (MENAFATF), hosted by Doha.

Al-Sayegh added that such efforts come also to find the most suitable methods in practice in relation to combating money laundering and terrorist financing.

Al-Sayegh said Kuwait is also helping raising awareness and developing professional and practical levels for all workers in this field, including Kuwait's keenness on taking part in regional and international events concerned with money laundering and terrorist financing. Al-Sayegh, who is also the current president of the meeting group, said that Kuwait is keen on emphasizing the importance of cooperation among regional countries in bolstering financial stability in the region.

He affirmed Kuwait's keenness to join international community in its serious endeavors to combat the crimes of money laundering and terrorism financing, pointing that the State of Kuwait has already taken several regulatory measures in this area, such as modern and comprehensive regulatory legal framework in line with the international standards of the MENAFATF.

Participants in the meeting include a number of Kuwaiti government entities representing the finance ministry, foreign and interior ministries, and members of the national committee for combating money laundering and terrorism financing.

Source: KUNA

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