According to the Task Force’s statement, since the adoption of the follow-up report in June 2024, Kuwait has made progress on several recommendations. Corruption and Money LaunderingThe FATF classification comes amid developments in Kuwait over recent years related to money-laundering cases. The transactions followed a route involving companies in Kuwait and China, through dealings described as fictitious and involving forged contracts. Second, it must ensure the accuracy of the beneficial ownership registry and impose deterrent penalties for violations. Al-Subaie, for his part, sees Kuwait’s new FATF classification as an opportunity to enhance the effectiveness of its regulatory and judicial systems.

Source: The North Africa Journal February 18, 2026 18:58 UTC