Kuwait, Evaluation, Assessment, MER, MENAFATF

There is currently no evidence of significant money laundering and no major terrorist activity has been recorded in the State of Kuwait. However, Kuwait’s financial sector is growing rapidly and thus may create a potential environment for such activities. The assessment team for this evaluation, composed of staff of the International Monetary Fund (IMF), concluded that the Kuwaiti AML/CFT framework had some deficiencies: terrorist financing is currently not criminalised, the money laundering offence does not cover all serious predicate offences, the Kuwaiti financial intelligence unit (KFIU) has not been established as an independent agency carrying out all core functions set out by the FATF standards, and there are shortcomings in the AML/CFT supervisory framework for some financial institutions and designated non-financial businesses and professions (DNFBPs).

MER, Assessment, Evaluation, Oman

The level of compliance with the FATF Recommendations for the anti-money laundering and counter-terrorist financing regime of the Sultanate of Oman is comparatively high for the region, and the legal framework is sound. However, the overall effectiveness was noted to be lacking in some areas. Parts of the terrorist financing legal framework need to be improved and the number of investigations and convictions increased. The evaluation of the anti-money laundering and counter-terrorist financing regime of the Sultanate of Oman was conducted jointly by the FATF and the the Middle East and North Africa Financial Action Task Force (MENAFATF).

Summary, Outcomes, Plenary, October 2011, GAFISUD, Luis Urrutia Corral

The Chairman's summary provides an overview of the major FATF decisions of the Joint Plenary meeting of the FATF and GAFISUD, during which the FATF issued a statement on the progress made by Argentina, and the mutual evaluation reports for the State of Kuwait and the Sultanate of Oman were adopted.

Biennial update, MER, Mutual Evaluation, Belgium

Third biennal update from Belgium to the June 2011 Plenary on measures implemented to address deficiencies identified in its mutual evaluation report (full report available in French only).

MER, assessment, evaluation, Kazakhstan

Kazakhstan is a member of EAG, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures in Kazakhstan was conducted by EAG.