The Kuwait Capital Markets Authority published a press release announcing it has signed a memorandum of understanding with the Kuwait Financial Intelligence Unit to strengthen cooperation and information exchange in combating money laundering, related crimes and terrorist financing. The memorandum defines the types of information each party may provide, sets out the mechanism for exchanging information, and specifies how shared information may be used, including confidentiality requirements. It also provides for periodic meetings, coordination to activate preventive and supervisory control measures, exchange of expertise, and the development of training and rehabilitation programmes, including mutual participation in relevant courses. The MoU was signed by CMA Chairman and Executive Director Emad Ahmed Tifoni and Kuwait Financial Intelligence Unit Head Hamad Khaled Al-Mukrad.
Kuwait Capital Markets Authority 2025-07-20
Kuwait Capital Markets Authority signs information-sharing memorandum with the Kuwait Financial Intelligence Unit on anti-money laundering and counter-terrorist financing
The Kuwait Capital Markets Authority signed a memorandum of understanding with the Kuwait Financial Intelligence Unit to enhance cooperation in combating money laundering and terrorist financing. The agreement outlines information sharing protocols, confidentiality requirements, and coordination for preventive measures, including training programs. The MoU was signed by CMA Chairman Emad Ahmed Tifoni and KFIU Head Hamad Khaled Al-Mukrad.