Kuwait: Report on Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

September 1, 2011

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Format: Chicago

Kuwait: Report on Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

This study provides a summary of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures in Kuwait and the level of compliance with FATF recommendations, and contains how the AML/CFT system could be strengthened. A detailed assessment report (DAR) is prepared. The DAR was adopted by the Middle East and North Africa Financial Action Task Force (MENAFATF). The preventive measures adopted in financial institutions are explained. The National AML/CFT committee and the committee on Combating Terrorism (CCT) are outlined. Various preventive measures are also ascribed in this paper.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Brokers and dealers, Crime, Financial institutions, Financial markets, Insurance companies, Legal support in revenue administration, Revenue administration, Terrorism financing

Keywords: AML law, Anti-Money Laundering, Anti-money laundering and combating the financing of terrorism (AML/CFT), Brokers and dealers, CFT, CFT compliance officer, CFT requirement, CFT supervision, Company, CR, East Africa, Exchange organization, Information, Insurance companies, ISCR, Legal support in revenue administration, Middle East, North Africa, Terrorism financing

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/267
Stock No:

1KWTEA2011004
ISBN:

9781463902339
ISSN:

1934-7685

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