Financial Action Task Force (FATF) Commends Kuwait’s “Significant” Efforts and Progress in Combating Money Laundering and Terrorism Financing
The Financial Action Task Force (FATF) praised the significant efforts and notable progress made by the State of Kuwait in combating money laundering and terrorist financing during the group’s plenary meeting.
The group confirmed that Kuwait has successfully addressed approximately 95% of the recommended actions outlined in the Mutual Evaluation Report since June 2024, reflecting a clear indication of political commitment and integrated institutional efforts to enhance the effectiveness of the national framework and align it with international best standards. A supportive action plan was also adopted to ensure the sustainability of further development.
For his part, the Minister of Electricity and Water and Renewable Energy of the State of Kuwait, Dr. Sabeeh Al-Mukhaizeem, speaking on behalf of the Minister of Finance and Supervisor of the National Committee for Combating Money Laundering and Terrorist Financing, represented the Government of Kuwait at the meeting held in Mexico City. According to the same statement, he affirmed Kuwait’s full commitment at the highest levels to close cooperation with the FATF and international partners, noting that the objective is “to continue progress and further strengthen the anti-money laundering, counter-terrorist financing, and counter-proliferation financing framework, thereby reinforcing Kuwait’s important role as an international partner in safeguarding the integrity of the global financial system and its leading position in this field.”
The group confirmed that Kuwait has successfully addressed approximately 95% of the recommended actions outlined in the Mutual Evaluation Report since June 2024, reflecting a clear indication of political commitment and integrated institutional efforts to enhance the effectiveness of the national framework and align it with international best standards. A supportive action plan was also adopted to ensure the sustainability of further development.
For his part, the Minister of Electricity and Water and Renewable Energy of the State of Kuwait, Dr. Sabeeh Al-Mukhaizeem, speaking on behalf of the Minister of Finance and Supervisor of the National Committee for Combating Money Laundering and Terrorist Financing, represented the Government of Kuwait at the meeting held in Mexico City. According to the same statement, he affirmed Kuwait’s full commitment at the highest levels to close cooperation with the FATF and international partners, noting that the objective is “to continue progress and further strengthen the anti-money laundering, counter-terrorist financing, and counter-proliferation financing framework, thereby reinforcing Kuwait’s important role as an international partner in safeguarding the integrity of the global financial system and its leading position in this field.”