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

International Monetary Fund

No 2011/267, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Anti-Money Laundering; information; AML law; CFT; company; CFT requirement; CFT supervision; exchange organization; CFT compliance officer; Anti-money laundering and combating the financing of terrorism (AML/CFT); Insurance companies; Legal support in revenue administration; Brokers and dealers; Terrorism financing; Middle East; North Africa; East Africa (search for similar items in EconPapers)
Pages: 21
Date: 2011-09-01
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