IMF Staff Country Reports

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

Publication Date:

September 1, 2011

Electronic Access:

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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.

Series:

Country Report No. 2011/267

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