Kuwait Moves to Enhance Anti–Money Laundering System in Line with FATF Requirements

31/03/2026

Kuwait Moves to Enhance Anti–Money Laundering System in Line with FATF Requirements

KUWAIT CITY, Mar 31: The Head of the Financial Intelligence Unit and Chairman of the National Committee for Combating Money Laundering and Terrorist Financing, Dr. Hamad Al-Makrad, said relevant authorities are continuing integrated and intensive efforts to meet evaluation requirements and address observations outlined in the Financial Action Task Force (FATF) Action Plan.

In a statement to the Kuwait News Agency (KUNA), Al-Makrad said the committee is moving forward with corrective measures aimed at enhancing the effectiveness of Kuwait’s national framework, reflecting the country’s commitment to international standards and strengthening the integrity and security of its financial system.

He noted that the meeting follows discussions held earlier between the Prime Minister, His Highness Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, and representatives of relevant national bodies, which focused on strengthening efforts to combat money laundering and terrorist financing.

Al-Makrad added that the committee reviewed recent developments in enhancing the national system, improving coordination among relevant authorities, raising preparedness levels, and addressing key challenges related to compliance with international standards.