Kuwait Financial Intelligence Unit Participates in the 32nd Egmont Group Plenary Meeting in Baku

KWFIU News | 09 07 2026

A delegation from the Kuwait Financial Intelligence Unit (KFIU), headed by its Chairman, Dr. Hamad Al-Mukrad, participated in the 32nd Egmont Group Plenary Meeting, held in Baku, Azerbaijan, from 5 to 10 July.
Dr. Al-Mukrad stated that Kuwait’s participation in the meeting reflects the FIU’s active role on the international stage and underscores its continued and impactful presence in key international forums.
He added that the selection of the Kuwait FIU to represent the Middle East and North Africa region on the Advisory Committee responsible for the selection of the Egmont Group Chair, Vice Chair, and other leadership positions—among 182 member Financial Intelligence Units—demonstrates the international confidence in Kuwait and the distinguished standing it has earned within the global community.
Dr. Al-Mukrad explained that the meeting addressed several strategic issues, foremost among them strengthening public-private partnerships, in addition to discussing a range of topics related to the development of Financial Intelligence Units, including enhancing their operational independence to improve the effectiveness of anti-money laundering and counter-terrorist financing frameworks at both the national and international levels.
He also noted that, on the sidelines of the meeting, the Kuwait FIU signed three Memoranda of Understanding with the Financial Intelligence Units of the Republic of Azerbaijan, the Republic of Malta, and the Republic of Albania, further strengthening bilateral cooperation and the exchange of financial intelligence in accordance with international standards.
He added that these Memoranda of Understanding, together with active participation in working groups and regional bodies, enhance Kuwait’s capacity to address emerging challenges in this field, particularly cross-border financial crimes.
Dr. Al-Mukrad further noted that this year’s plenary theme, “The Evolution of Public-Private Partnership Models,” reflects Kuwait’s commitment to maintaining a strong presence in international forums dedicated to combating money laundering and terrorist financing, while promoting international cooperation and the exchange of expertise and best practices.
He reaffirmed the Kuwait FIU’s commitment to strengthening international and regional cooperation and to continuously enhancing its operational frameworks in line with global best practices, contributing to a comprehensive national financial integrity framework and reinforcing Kuwait’s international standing.
The 32nd Egmont Group Plenary Meeting brought together representatives from more than 180 Financial Intelligence Units, alongside international organizations and partners engaged in combating money laundering and terrorist financing.