(MENAFN- Arab Times) 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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