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US will monitor Kuwait on laundering, terror funding

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KUWAIT CITY, Feb 17: US Treasury Department representative who is looking after the Kuwait money laundering, terrorist financing file, will hold a series of meetings with the concerned government officials issues related of combating money laundering and terrorist financing and efforts exerted by the Kuwait government to prevent and confront these crimes and also to know what punishment has been meted out to those who are found guilty, reports Al-Jarida daily. One of the most prominent government agencies with which the senior US official will meet is the Ministry of Social Affairs, say sources, because it is legally entrusted to follow-up and to supervise the work of all recognized charity institutions.

The sources added, the government agencies, including the Ministry of Social Affairs, have made great strides in addressing money laundering and terrorist financing crimes, stressing the ministry’s keenness to provide the heads of boards of directors of all reputed charitable societies, first-hand, with lists of entities and persons on the lists of terrorism, its financing and money laundering activities to prohibit dealing with them.

The source added that “this concern comes within the framework of the ministry’s control over the donations and to ensure the money does not fall into 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. In this regard, the sources said, the Ministry had issued a circular to charities about the need to continuously update the lists of terrorist organizations, and to include the names of individuals and entities proven to have financed terrorist activities, in line with the requirements and the need for all countries to confront and prevent money laundering and terrorist financing stop supporting individuals who are involved in such activities.

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