Kuwait Tightens the Net—New Deals with India and Iraq Boost Financial Vigilance

In a significant step to enhance further its financial credibility, Kuwait has entered two standalone memoranda of understanding (MoUs) with India and Iraq for greater cooperation in antimoney laundering (AML) and counterterrorist financing (CTF). The MoUs are a strategic step to create a more transparent and secure financial landscape across borders.

 

Main Points of the Agreements:

Strategic Implications

Sources: Zawya, Financial Action Task Force (FATF), Sanction Scanner, Riskpro Learning, US Department of State Country Reports on Terrorism 2023