Customs, Interior Ministry sign MoU to combat money laundering

The General Administration of Customs and General Department of Anti-Money Laundering and Combating the Financing of Terrorism at the Ministry of Interior, have signed a memorandum of understanding (MoU) to strengthen cooperation and information-sharing in the fight against financial crimes.

In a statement issued today, the Customs Department said the agreement reflects Kuwait’s ongoing efforts to boost institutional coordination among agencies tasked with combating money laundering and terrorist financing, in accordance with international standards set by the Financial Action Task Force (FATF).

The MoU aims to enhance the efficiency of data exchange, strengthen monitoring and enforcement measures, and reinforce the national system for financial crime prevention.

Officials from both sides emphasized that this partnership supports Kuwait’s commitment to international obligations and contributes to building a secure and stable financial environment.

The statement also underscored the strategic importance of joint efforts between regulatory and executive bodies to safeguard Kuwait’s economy and uphold the integrity of its financial system.