President of KwFIU and the National Committee: Relevant Authorities Continue Efforts to Fulfill Assessment Requirements and Address Observations
Hamad Al-Mekrad, President of the Kuwait Financial Intelligence Unit and the National Committee for Combating Money Laundering and Terrorism Financing, affirmed that the relevant authorities are continuing to work in a coordinated and intensive manner to meet assessment requirements and implement the Financial Action Task Force’s action plan.
This came in a statement issued Tuesday by the Kuwait Financial Intelligence Unit to the Kuwait News Agency (KUNA), following a meeting of the National Committee for Combating Money Laundering and Terrorism Financing, chaired by Dr. Al-Mekrad and attended by representatives of member authorities at the KwFIU’s headquarters.
Dr. Al-Mekrad added that the National Committee is moving forward with implementing corrective measures and enhancing the effectiveness of the national system, reflecting the State of Kuwait’s commitment to international standards and strengthening the integrity and soundness of the country’s financial system.
He explained that the meeting comes as part of follow-up efforts to the outcomes of a meeting held yesterday between His Highness Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, Prime Minister, and representatives of several committee Authorities, which addressed ways to further elevate national efforts in combating money laundering and terrorism financing.
He noted that the meeting discussed the latest developments in advancing the national framework, explored mechanisms to improve coordination among relevant authorities, enhance national preparedness, and reviewed key challenges and ongoing efforts to comply with relevant international standards.
This came in a statement issued Tuesday by the Kuwait Financial Intelligence Unit to the Kuwait News Agency (KUNA), following a meeting of the National Committee for Combating Money Laundering and Terrorism Financing, chaired by Dr. Al-Mekrad and attended by representatives of member authorities at the KwFIU’s headquarters.
Dr. Al-Mekrad added that the National Committee is moving forward with implementing corrective measures and enhancing the effectiveness of the national system, reflecting the State of Kuwait’s commitment to international standards and strengthening the integrity and soundness of the country’s financial system.
He explained that the meeting comes as part of follow-up efforts to the outcomes of a meeting held yesterday between His Highness Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, Prime Minister, and representatives of several committee Authorities, which addressed ways to further elevate national efforts in combating money laundering and terrorism financing.
He noted that the meeting discussed the latest developments in advancing the national framework, explored mechanisms to improve coordination among relevant authorities, enhance national preparedness, and reviewed key challenges and ongoing efforts to comply with relevant international standards.