Launderers Beware
Kuwait faces FATF scrutiny over money laundering controls
The UAE was removed from the Paris-based group’s "gray list" in February after taking broad steps to crack down on weaknesses in financial oversight
View of Kuwait Towers (Getty Images)
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Kuwait is under scrutiny amid concern that it’s being used by money launderers and terrorist organizations.The Paris-based Financial Action Task Force issued a progress report today that both praised and scolded the Gulf state’s financial apparatus.
While Kuwait has...