Kuwait: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
In this study, the general situation of money laundering and financing of terrorism is discussed. In addition, the followings are overviewed: financial sector, DNFBP sector, commercial laws and mechanisms governing legal persons, and strategy to prevent money laundering and terrorist financing. A legal framework and criminalization of financing of terrorism are also given. Confiscation, freezing, and seizing are explained under the legal framework. Various preventive measures used are also discussed in this paper. Financial institution secrecy and confidentiality are also outlined.
Series:
Country Report No. 2011/268
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Brokers and dealers Crime Financial institutions Financial markets Insurance companies Legal support in revenue administration Money laundering Revenue administration
English
Publication Date:
September 1, 2011
ISBN/ISSN:
9781463902322/1934-7685
Stock No:
1KWTEA2011005
Pages:
249
Please address any questions about this title to publications@imf.org