Kuwait has been following a strict policy regarding fighting money laundering and drying up sources of funding terrorism, said Joseph Torbey, President of the World Union of Arab Bankers (WUAB) on Thursday.
Kuwait is adroit at training employees of banks and financial institutions to be on the lookout for any
discrepancies they may detect in financial statements, records, or documents which may indicate instances of
money laundering or funding terrorism, Torbey said at the opening of a forum here themed “mechanisms of
drying up sources of funding terrorism”.
Affirming that fighting terrorism could not successfully occur if not matched with dogged tracking down of
sources of funding it, Mohammad bin Ali Koman, secretary general of the Council of Arab Ministers of Interior,
told the forum that the Council worked hard to propagate the virtues of moderation and the shunning of
speeches that smack of sectarianism and extremism.
The original article can be found at www.kuna.net.kw