KUWAIT WILL BE MONITORED BY US FOR MONEY LAUNDERING AND TERROR FINANCING

  • 18/02/2022

Kuwait City: The US Treasury Department representative in charge of the Kuwait money laundering and terrorist financing file will hold a series of meetings with concerned government officials to discuss money laundering and terrorist financing, as well as the efforts made by the Kuwait government to prevent and combat these crimes, and to learn what punishment has been meted out to those found guilty. According to insiders, one of the most notable government ministries with which the senior US official will visit is the Ministry of Social Affairs, which is officially tasked with overseeing and monitoring the activities of all approved charitable organisations. 


According to the sources, government agencies, including the Ministry of Social Affairs, have made significant progress in combating money laundering and terrorist financing crimes, with the ministry eager to provide first-hand lists of entities and persons on the lists of terrorism, its financing, and money laundering activities to prohibit dealing with them to the heads of boards of directors of all reputable charitable societies. 

"This concern comes within the framework of the ministry's control over the donations, to ensure that the money does not fall into the wrong hands and to ward off any suspicions that may affect Kuwaiti charitable work in general, and the charity societies that represent Kuwait in particular," the source continued. According to the sources, the Ministry had issued a circular to charities about the need to keep the lists of terrorist organisations up to date, as well as include the names of individuals and entities proven to have financed terrorist activities, in accordance with the requirements and the need for all countries to confront and prevent money laundering and terrorist financing by ceasing to support individuals involved in such activities.

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