(MENAFN- Kuwait News Agency (KUNA)) NEW DELHI, Nov 20 (KUNA) -- Kuwait's Ambassador to India, Meshal Al-Shamali, met with Additional Secretary in the Indian Ministry of Finance and head of India's Financial Action Task Force (FATF) Diwakar Nath Misra, to discuss boosting bilateral cooperation in combating money laundering and terror financing.
In a statement issued by the Kuwaiti Embassy in New Delhi, Al-Shamali said Kuwait has adopted a series of corrective measures - including reforming legislation and institutional frameworks - to better align its anti-money laundering and counter-terror financing laws with international standards.
He reiterated Kuwait's commitment, through its Financial Intelligence Unit (KFIU), to supporting global efforts to tackle illicit financial flows that threaten both national and international financial systems.
The two sides also noted the memorandum of understanding signed in July between KFIU and its Indian counterpart, which facilitates the exchange of financial information under international financial mechanisms.
For his part, Misra praised Kuwait's national efforts to combat money laundering and terrorist financing. (end)
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