The Kuwait Anti-Corruption Authority (Nazaha) recently concluded its first legal forum, held at its headquarters in Shamiya, with the theme of “The Law on Money Laundering and Terrorist Financing Crimes: Facing Challenges.”

Kuwait's Anti-Corruption Authority (Nazaha) recently held its first legal forum on combating money laundering and terrorist financing crimes.

The forum brought together a diverse group of participants, including experts, academicians, and representatives from regulatory authorities and financial institutions.

The event aimed to discuss the challenges faced by countries in combating these crimes and explore ways to strengthen legal frameworks.

Strengthening legal frameworks is crucial to keep pace with evolving criminal methods in money laundering and terrorist financing crimes.

Increasing national efforts in relevant sectors is essential to combat these crimes.

Improving international cooperation and information exchange is vital to track and detect these crimes.

Updating laws and regulations is necessary to reflect the latest methods used in these crimes.

The forum provided a platform for experts to discuss the legislative structure of Law No. 106/2013 on Combating Money Laundering and Terrorist Financing.

Panelists explored the importance of improving mechanisms for international cooperation and information exchange in combating these crimes.

Nazaha's Director, Abdul Hamid Al-Hamar, emphasized the importance of periodically reviewing legislation and proposing necessary amendments to combat corruption.