The Middle East and North Africa Financial Action Task Force (MENAFATF) approved Kuwait’s request of exiting the regular following up process and putting it on the updating list every two years, a Kuwait official announced Saturday.
“The approval came during MENAFATF’s 21st general assembly that was held in Muscat, Oman on April 2630,”
said Talal AlSayegh, Director of the Kuwait AntiMoney Laundering and Combating the Financing of Terrorism Unit in statements to KUNA.
He added that the decision came as a result of Kuwait’s efforts of fulfilling international obligations in terms of fighting money laundering, as well as meeting IMF standards in this regard.
The original article can be found at www.kuna.net.kw