Kuwait: Report on Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, September 1, 2011
Source details
- Canonical URL
- Kuwait: Report on Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Other formats
Bibliographic details
- Published: September 1, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463902339.002
Summary
- The 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.
- The study contains analysis of how the AML/CFT system could be strengthened.
- A detailed assessment report (DAR) is prepared and was adopted by the Middle East and North Africa Financial Action Task Force (MENAFATF).
Main analytical components
- Detailed assessment report (DAR) of Kuwait’s AML/CFT framework.
- Evaluation of level of compliance with FATF recommendations.
- Identification of measures to strengthen the AML/CFT system.
Institutional arrangements and governance
- The National AML/CFT committee is outlined.
- The committee on Combating Terrorism (CCT) is outlined.
Preventive measures and supervision
- Preventive measures adopted in financial institutions are explained.
- Various preventive measures are ascribed in the paper.
Subjects and keywords
- 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
International Monetary Fund. Kuwait: Report on Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, IMF Staff Country Reports 2011, 267 (2011).