FATF’s update on Kuwait’s AML/CFT measures shows investigative progress but emphasise the need for better case understanding, prosecution, and asset-freezing enforcement

The FATF mutual evaluation of Kuwait found that while the country has a basic understanding of ML risks, its awareness of terrorist financing risks remains low. Kuwait has increased ML investigations, but challenges remain in securing convictions, and its legal framework lacks enforceable measures to freeze assets linked to terrorism or proliferation. Additionally, Kuwait needs to strengthen its risk-based approach in the non-profit sector…