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Thursday , February 27 2020

Suspicious money laundering and terrorist financing accounts

KUWAIT CITY, Dec 23: Kuwait, during fiscal 2018-2019, received information from 16 countries about suspicious money laundering activities and financing terrorism, including in detail data about 42 cases, reports Al-Rai daily quoting reliable sources Kuwait obtains or makes available this information to other countries in the framework of international cooperation through the clearing-house mechanism for combating money laundering and terrorist financing crimes, according to a series of measures, and in compliance with the principles of the Egmont Group of Financial Investigation Units.

The sources pointed out that the 22 countries asked Kuwait for information about suspicions of money laundering and terrorist financing during the same period, while Kuwait did not request similar information except from only two countries.”

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