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- FATF places Kuwait under scrutiny
- Tougher compliance checks
- ‘Significant progress’ since report
The Paris-based Financial Action Task Force (FATF) has added Kuwait to its so-called grey list, placing the Gulf state alongside a number of other Middle East and North African jurisdictions under increased monitoring for money-laundering and terrorist-financing risks.
The decision was taken at the global watchdog’s plenary meeting in Mexico last week, extending closer international scrutiny of Kuwait’s financial system…
