A Kuwaiti delegation headed by Dr. Hamad Al-Mekrad, Chairman of the Nationwide Committee for Combating Cash Laundering and Terrorism Financing and Head of the Kuwait Monetary Intelligence Unit, held high-level talks with officers from the US Treasury Division in Washington to debate methods to reinforce cooperation in countering monetary crimes.
The discussions addressed key areas of mutual curiosity, culminating in an settlement to deepen bilateral collaboration, manage joint workshops, and alternate technical experience to help each nationwide and worldwide efforts in combating cash laundering and terrorism financing.
The Kuwaiti delegation, which included representatives from the Ministries of International Affairs and Inside in addition to the Normal Administration of Customs, briefed US officers on Kuwait’s newest achievements in implementing corrective measures outlined within the Kuwait Evaluation Report issued final October. These measures mirror the nation’s dedication to aligning with worldwide requirements in monetary transparency and combating illicit monetary flows.
Following the assembly, Dr. Al-Mekrad highlighted that Kuwait had made important progress in a brief interval, together with amendments to Legislation No. 106 of 2013 on combating cash laundering and terrorist financing, in addition to updates to the worldwide cooperation regulation on authorized help and extradition. He additionally famous that the Nationwide Committee had accomplished a nationwide danger evaluation report and launched a year-long consciousness marketing campaign focusing on the personal sector to strengthen compliance and understanding of anti-money laundering obligations.
Dr. Al-Mekrad emphasised that the Kuwait Monetary Intelligence Unit (FIU) has intensified its collaboration with monetary establishments and non-financial professions, leading to better-quality reviews and higher general effectiveness within the nation’s AML/CFT (Anti-Cash Laundering/Counter-Terrorism Financing) framework.
For his half, Assistant International Minister for Improvement and Worldwide Cooperation, Ambassador Hamad Al-Mashaan, underscored that cooperation with a strategic ally resembling the USA in areas of counterterrorism, anti–cash laundering, and combating violent extremism represents a cornerstone of Kuwait’s international coverage.
Ambassador Al-Mashaan added that latest months have witnessed tangible outcomes by means of joint listings and steady coordination between related Kuwaiti and American authorities, demonstrating the shared resolve of each nations to confront safety threats and reinforce world efforts to advertise worldwide stability and peace.
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