National Committee for Combating Money Laundering and Terrorist Financing Hosts 31st Meeting of Financial Intelligence Units Forum
The National Committee hosted the 31st meeting of the Financial Intelligence Units Forum to enhance cooperation and combat money laundering.
Translated by Qiyas from كونا — Original source
Kuwait City, 5 October (KUNA) -- The National Committee for Combating Money Laundering and Financing of Terrorism hosted today, Monday, the 31st meeting of the Financial Intelligence Units Forum, held on the sidelines of a workshop on applications and capacity building for the Financial Action Task Force for the Middle East and North Africa (MENAFATF).
In a statement to the Kuwait News Agency (KUNA), the Financial Intelligence Unit said the meeting aims to strengthen direct communication among participating financial intelligence units and support the exchange of expertise based on best practices in the field, as well as to present practical cases highlighting the challenges faced by these units and ways to address them efficiently and effectively.
It added that the meeting discusses ways to develop cooperation frameworks and information exchange among the units and to enhance joint coordination, thereby contributing to improving the efficiency of the anti-money laundering and counter-financing of terrorism system and supporting international and regional efforts in this regard.
The statement clarified that this meeting comes within the framework of the State of Kuwait’s commitment to strengthening international cooperation and developing the technical and specialized capacities of personnel working in financial intelligence units, in line with international standards and the requirements of the Financial Action Task Force. (End) M.D. / T.A.B.
