@FATFNews: FATF President T. Raja Kumar “Our goal is to establish a level playing field, globally, so that the industry is meeting its regulatory obligations and reduce opportunities for criminals to abuse the sector.” fatf-gafi.org/en/publication… #MoneyLaundering #Followthemoney

These reforms are part of a broader cultural shift within the FATF, which has been working to ensure that its processes do not unintentionally harm… Bron@FATFNews: These reforms are part of a broader cultural shift within the FATF, which has been working to ensure that its processes do not unintentionally harm those it aims to protect. Work is underway to contribute more strongly to financial inclusion. ➡️

Kuwait has an adequate legal & supervisory framework to tackle illicit finance but serious shortcomings in delivering effective outcomes, according to FATF/MENAFATF assessment of Kuwait’s… Bron@FATFNews: Kuwait has an adequate legal & supervisory framework to tackle illicit finance but serious shortcomings in delivering effective outcomes, according to FATF/MENAFATF assessment of Kuwait’s measures to combat money laundering and terrorist financing (fatf-gafi.org) 1/5⬇️

Kuwait needs to focus more on beneficial ownership, a lack of understanding in the financial and non-financial sectors means that complete and reliable beneficial ownership… Bron@FATFNews: Kuwait needs to focus more on beneficial ownership, a lack of understanding in the financial and non-financial sectors means that complete and reliable beneficial ownership information is not available in Kuwait. 5/5