‘Reforms needed in laws to counter money-laundering, terror’
July 16th, 2009
Arab Times
KUWAIT CITY: The Ministry of Commerce and Industry has not recorded any money laundering crime for the past four years, reports Al-Anba daily quoting Director of Anti Money Laundering Office Sheikh Namer Al-Sabah.
Sheikh Namer added the ministry has only recorded administrative punitive measures for failure to follow stipulated rules in the Money-Laundering Law.
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