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FATF removes Kuwait from terror financers list
Ahmed Mamdouh Published in Albawaba on 01 - 03 - 2015

The Financial Action Task Force (FATF) excluded Kuwait from its black list of the states financing terrorism, Kuwaiti Finance Minister, Anas Al-Saleh announced Sunday.
Al-Saleh said that FATF issued a statement confirming that Kuwait met all the 2012 commitments that aimed to strengthen Kuwait's anti-money laundering AML and combating the financing of terrorism CFT regimes.
"Kuwait will no longer be subject to the FATF's monitoring process under its on-going global AML/CFT compliance process," the FATF's statement read.
"It is deemed a significant achievement that reflects the international community's reassurance about the availability of an integrated legislative atmosphere for fighting money laundering and financing of terrorism primarily based on Law 106/2013 on money laundering and terrorist finance", Al-Saleh said.
FATF is an intergovernmental organization founded in 1989, which aims to develop policies against money laundering and terrorism financing.

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