Kuwait and the European Commission Discuss Enhancing Cooperation in Combating Money Laundering and Terrorism Financing
A delegation from the State of Kuwait, headed by Dr. Hamad Al Mekrad, President of the National Committee for Combating Money Laundering and Terrorism Financing, held an official meeting with officials from the European Commission in Brussels.
The meeting addressed several topics of mutual interest, including a review of existing cooperation frameworks and ways to further develop them> it also explored new opportunities for the exchange of expertise within the framework of the Financial Action Task Force (FATF) standards, and strengthening joint efforts in combating money laundering and terrorism financing.
Both sides emphasized the importance of continuing coordination and intensifying efforts to enhance the efficiency of supervisory systems and strengthen the protection of the financial sector, in line with relevant international requirements.
The meeting addressed several topics of mutual interest, including a review of existing cooperation frameworks and ways to further develop them> it also explored new opportunities for the exchange of expertise within the framework of the Financial Action Task Force (FATF) standards, and strengthening joint efforts in combating money laundering and terrorism financing.
Both sides emphasized the importance of continuing coordination and intensifying efforts to enhance the efficiency of supervisory systems and strengthen the protection of the financial sector, in line with relevant international requirements.