Kuwait suspends 11 exchange companies over money-laundering compliance failures
Kuwait has temporarily suspended the activities of around 11 small and medium-sized exchange companies over failures to adequately update their systems and procedures for combating money laundering and terrorist financing, in a tightening of controls aimed at blocking suspicious and high-risk financial transfers. The suspensions were imposed in batches rather than simultaneously and will remain … The post Kuwait suspends 11 exchange companies over money-laundering compliance failures appeared first on Times Kuwait .