NAZAHA concludes virtual course on combating money laundering, crimes

KUWAIT CITY, Oct 12: The Kuwait Anti-Corruption Authority (NAZAHA) has concluded the virtual course on combating money laundering and financial crimes, reports Al-Rai daily.

Taking part in the course, presented by the Training Consultant, Director of the Kuwaiti Company for Compliance Matching and former member of the National AntiMoney Laundering Committee, Hoda AlEnezi, were all employees of Nazaha.

The course dealt with a number of topics, the most important of which was the definition of money laundering, the terms of reference of the supervisory authorities and their responsibilities in combating this menace, the national and international laws and legislation, in addition to the most prominent international organizations and institutions that specialize in tracking those who are involved in money laundering issues, and the responsibilities of the concerned departments in implementing the anti-money laundering law in the public and private sectors and identifying the most prominent corruption risks associated with money laundering.

For her part, the Deputy Secretary-General for Prevention at Nazaha, Eng Abrar AlHammad, said based on the authority’s role in supporting human development efforts, activating internal awareness and focusing on professional culture, developing the cognitive skills of its members, and building their practical capabilities, cooperation with the Institute of Banking Studies has taken place within the framework of the joint memorandum of understanding signed between Nazaha and the institute in the field of training.

The course was held at a time when the challenges of corruption risks are growing, which necessitates arming the employees of the Authority with the latest legal and knowledge and developments related to money laundering crimes and related financial crimes, which is one of the crimes mentioned in the Establishment Law No. 2 of 2016.

Al-Hammad affirmed Nazaha is continuously striving, through specialized training programs, to build the capabilities of workers in the field of combating corruption, as indicated by the Kuwait Strategy to Promote Integrity and Combat Corruption (20192024) and to develop the performance of employees in regulatory institutions in accordance with best professional practices.