Cabinet urges tougher anti-money laundering actions to safeguard Kuwait’s image
The National Committee for Combating Money Laundering and Terrorism Financing has been directed to intensify efforts and collaborate with agencies to meet global anti-money laundering standards.
• The discussions during the Cabinet meeting centered on economic and investment matters, promoting joint cooperation, diversifying Kuwait’s income sources, and creating job opportunities for youth.
The Cabinet tasked the National Committee for Combating Money Laundering and Terrorism Financing with intensifying efforts and working closely with relevant government agencies to meet international requirements for the country’s mutual evaluation process, according to Al Jarida newspaper.
The committee will prepare the observations report for Kuwait between October 2024 and October 2025, aiming to protect the country’s reputation and international standing. The Cabinet reaffirmed its support for the committee’s efforts to achieve these goals.
During its weekly meeting on Tuesday, chaired by His Highness Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, the Prime Minister, the council praised the speech delivered by His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah, representing His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, at the 79th session of the United Nations General Assembly in New York.
The council also reviewed the results of His Highness the Crown Prince’s meetings, held on the sidelines of the session, with heads of state, international organizations, and major global companies.
These discussions focused on economic and investment topics, enhancing joint cooperation, diversifying Kuwait’s income sources, and creating job opportunities for its youth by enabling them to work with international companies to develop skills and gain practical experience.
