Prime Minister leads unified govt drive to meet FATF compliance benchmarks
His Highness the Prime Minister, Ahmad Abdullah Al-Ahmad Al-Sabah, chaired a high-level meeting to review the observations and requirements of the Financial Action Task Force, reaffirming Kuwait’s commitment to strengthening its compliance framework in line with international standards.
The meeting focused on enhancing integration, coordination, and follow-up mechanisms among relevant government entities to ensure full adherence to anti-money laundering and counter-terrorism financing regulations.
Discussions underscored the importance of a unified institutional approach to addressing this critical issue, while ensuring timely implementation of all required measures.
The initiative reflects Kuwait’s determination to reinforce transparency, improve regulatory efficiency, and align its financial systems with global best practices.
Officials emphasized that effective coordination among concerned authorities is key to closing gaps and sustaining the integrity of the national financial framework.
The meeting was attended by Minister of Justice Nasser Yousef Al-Sumait, Minister of Electricity, Water and Renewable Energy Subaih Abdulaziz Al-Mukhaizeem, Minister of Commerce and Industry Osama Khaled Boodai, and Minister of Foreign Affairs Jarrah Jaber Al-Ahmad Al-Sabah.
Also present were Advisor at the Prime Minister’s Office Basel Hamoud Malek Al-Sabah, Governor of the Central Bank Basel Ahmad Al-Haroun, Acting Head of the Prime Minister’s Office Khaled Mohammed Al-Khaled Al-Sabah, and Managing Director of the Kuwait Investment Authority Saud Salem Abdulaziz Al-Sabah.
The session further included Head of the Fatwa and Legislation Department Counselor Salah Ateeq Al-Majed, Head of the Financial Intelligence Unit Hamad Khaled Al-Makrad, along with senior officials from the Ministry of Interior, the Financial Intelligence Unit, and the Public Funds Prosecution.
The meeting reaffirmed Kuwait’s commitment to meeting all international obligations and advancing a coordinated, proactive approach to safeguarding the integrity of its financial system.
