Capital Markets Authority Warns Against Money Laundering

The Capital Markets Authority has called on all licensed persons to review the executive summaries of the National Risk Assessment reports, published by the Kuwait Financial Intelligence Unit (FIU) on its website, with the aim of enhancing awareness of risks related to money laundering and terrorist financing.

The Authority emphasized that the publication of these executive summaries by the FIU aims to raise the level of risk understanding at the national level among supervised entities. It urged all licensed persons to review these summaries and utilize them to develop their compliance and risk management systems and procedures, in line with regulatory requirements and international best practices.