A Kuwaiti delegation led by the Chairman of the Nationwide Committee for Combating Cash Laundering and Terrorist Financing, Dr. Hamad Al-Makrad, held talks with senior officers on the European Fee on Friday to reinforce joint efforts in countering cash laundering and terrorist financing.
The delegation additionally included Ambassador Hamad Al-Mashaan, Chairman of the Committee for Implementing Safety Council Resolutions and member of the Nationwide Committee.
In an announcement to the Kuwait Information Company (KUNA), the Kuwaiti Embassy in Brussels mentioned the assembly came about with John Breggan, Director-Common for Monetary Stability, Monetary Providers and the Capital Markets Union on the European Fee.
The discussions lined a number of shared priorities, together with a evaluation of present cooperation mechanisms and methods to increase them.
Each side explored new alternatives for exchanging experience, significantly throughout the framework of Monetary Motion Job Power (FATF) requirements, and emphasised the significance of enhancing joint motion to safeguard the monetary sector.
Based on the assertion, the 2 events harassed the necessity for continued coordination and intensified efforts to strengthen regulatory effectivity and uphold worldwide necessities associated to combating cash laundering and terrorist financing.