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Expat wanderer

Kuwait in Fight Against Money Laundering and Drugs

This from yesterday’s Arab Times Kuwait:

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‘Kuwait In Fight With Drugs, Money-Wash’UN Briefed On Efforts

NEW YORK, Oct 10, (KUNA): A Kuwaiti diplomat has briefed a United Nations commission about the State of Kuwait efforts to combat money laundering and other illegal financial activities as well as menace of narcotics. Ibrahim Faisal Al-Da’ee, the third secretary serving with the permanent Kuwaiti mission at the UN, in an address to the UN Social, Cultural and Humanitarian Affairs Committee (SOCHUM), underscored necessity of taking effective action against crime and boosting coordination at the international and regional levels in this respect. As to combating “corrupt financial activities and funding from illegitimate resources,” the third diplomat noted that the State of Kuwait issued lawinto- decree number 23 in 2012, setting up the public authority for combating corruption and issuing special rules for financial assets’ disclosure, as well as the Ministerial Resolution No. 37 (2013), containing executive regulations for combating money laundering and terrorism funding.

Established 
On basis of the above mentioned, diplomat Al-Da’ee continued, the national commission for combating money laundering and terrorism was established. Moreover, the Central Bank of Kuwait issued a number of decisions aimed at clamping down on money laundering, in tandem with Kuwait’s endorsement of the UN convention for combating corruption. Regarding the drugs, Kuwait urges for taking necessary precautions to resolve this international problem by means such as encouraging planting of legitimate crops and improving living conditions in rural regions. Also in this respect, he pointed out, Kuwait had signed international conventions concerning such issues. According to Kuwait’s Ministry of Interior, number of drug-related crimes, during 2010-2013, dropped 6.4 percent, drug dealing cases 7.2 percent and narcotics-linked deaths 30 percent. He concluded his address to the international commission, stressing on respect for human and basic rights, through action against crimes, urging for collective global efforts against narcotics.

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So . . . now we have legislation and a decree. Does Kuwait have the resources and/or the will to go after those who are funneling the funds to ISIS? Legislations and decrees are great, but even greater is following through; it gives a government credibility.

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October 11, 2014 - Posted by | Bureaucracy, Character, Circle of Life and Death, Counter-terrorism, Cultural, ExPat Life, Financial Issues, Fund Raising, Kuwait, Leadership, Living Conditions, Political Issues

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