Nizahah Presents Kuwait's Experience in Enhancing Transparency through Beneficial Ownership Identification at Vienna Event - Sarmad

(KUNA) – The Public Authority for Combating Corruption (Nizahat) presented Kuwait’s experience in enhancing transparency through the identification of beneficial ownership during the seventh plenary session of the GlobE Network, the global operational network of anti-corruption law enforcement authorities, held at the United Nations International Centre in Vienna, Austria.

In a press statement, Nizahat noted that its Observer for International Organizations and Conferences, Dhafer Buayyab, delivered a presentation outlining the comprehensive legal framework adopted by Kuwait to enhance beneficial ownership transparency, along with the latest legislative developments. The presentation also highlighted the role of the Ministry of Commerce and Industry in this area, as well as Nizahat’s role in supporting these efforts from an anti-corruption perspective.

The authority clarified that this participation complements Nizahat’s regional and international efforts in this field. The authority has prepared the “Guide on Practices and Measures for Identifying Beneficial Ownership in the Gulf Cooperation Council (GCC) Countries,” which reflects the perspective of anti-corruption authorities in this domain and serves as an important reference for GCC member states.