Kuwait: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
September 1, 2011
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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.
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
Keywords: AML law, Anti-money laundering and combating the financing of terrorism (AML/CFT), brokerage company, Brokers and dealers, CR, East Africa, exchange company, exchange organization, financial market, Insurance companies, ISCR, Legal support in revenue administration, Middle East, Money laundering, North Africa
Pages:
249
Volume:
2011
DOI:
Issue:
268
Series:
Country Report No. 2011/268
Stock No:
1KWTEA2011005
ISBN:
9781463902322
ISSN:
1934-7685
