BERLIN: Ambassador of the State of Kuwait to the Federal Republic of Germany Reem Al-Khaled presented her credentials as the ambassador, extraordinary and plenipotentiary of the State of Kuwait to the Republic of Latvia to President Edgars Rinkevics at a ceremony held on Friday at the Presidential Palace in the capital, Riga.

In a statement, Ambassador Al-Khaled told KUNA that she had conveyed to President Rinkevics the greetings of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince, Sheikh Sabah Khaled Al-Hamad Al-Sabah and their wishes for the Republic of Latvia and its friendly people for continued progress and prosperity.

The meeting addressed the distinguished bilateral relations between the two friendly countries and ways to strengthen them as well as a number of regional and international issues of mutual interest, she pointed out.

The Kuwaiti envoy expressed her aspiration to build an effective strategic partnership between the two friendly countries in the coming period through enhancing channels of political, economic, and cultural cooperation and exploring new venues for serving mutual interests and consolidating bilateral relations. — KUNA

 KUWAIT:  The State of Kuwait continues its steady efforts against money laundering, bolstering measures in this domain cooperation with regional and international partners. Such efforts coincide with the State of Kuwait’s plans to become a regional anti-money laundering and terror financing center. The judicial system saw a qualitative leap with the introduction of Decree No. 76/2025, amending some items within law No. 106/2013 concerning money laundering and combating terrorism financing.

The amendments enabled the Kuwaiti cabinet to enact decisions, which abide by international rules and regulations in this domain. The law included decisions to list and freeze assets and finances as well as bar dealings with suspicious individuals.

To reinforce cabinet decisions on the matter, the laws issued would be enacted on the date of issuance, including penal verdicts and fines ranging from KD 10,000 to KD 500,000 for each violation. The articles of the law took measures to execute UNSC resolutions on the matter within a legal framework balancing international obligations and constitutional duties, which gave individuals rights to submit formal grievance, view records, and asking for permission to cover necessary expenses.

This legislative step is part of the National Committee to Combat Money laundering and Terrorism Financing, which is assigned by the cabinet to reinforce cooperation with other state institutions to achieve international standards and boost Kuwait’s reputation in this field.

The committee comprises of several institutions and ministries including the Kuwait Financial Intelligence Unit (KwFIU), the Central Bank of Kuwait (CBK), the Ministry of Commerce and Industry to name a few.Last July, the two MoUs were signed by state entities to reinforce cooperation within combating money laundering and terrorism financing.

The MoU signed between the Kuwait customs and Interior Ministry boosted cooperation in combating financial crimes in line with Financial Action Task Force (FATF), a policy-making body that works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.

The other MoU, signed between the Capital Markets Authority (CMA) and the Kuwait Financial Intelligence Unit (KwFIU), ensured the exchange of information between the two sides within the field.

Meanwhile, the Ministry of Commerce and Industry prepared a guide to counter money laundering and terror financing in the gold, valuable minerals and gemstones sector in 2025. The guide set the parameters for trade in such sector and included measures warning against trading online and recommending traditional means for payment in addition to other preventative steps.

On another level, the CBK approved an updated methodology on penal action and also the Central Bank notified banks to use the KwFIU guideline to report any suspicious transactions.In addition to internal efforts, Kuwait hosted a workshop to prepare the unified GCC anti-money laundering strategy, which concluded its meetings on September 11.

A report issued by FATF last October said that the State of Kuwait has the required main framework to combat money laundering and terrorism financing through the country’s stable political, institutional, and governmental sectors. The report affirmed that Kuwait has boosted its legal capabilities and penal action to prevent such crimes from occurring. — KUNA

 KUWAIT: On behalf of His Highness the Amir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah departed Kuwait on Friday for the US to lead Kuwait’s delegation at the 80th session of the United Nations General Assembly (UNGA), marking the 80th anniversary of the UN’s founding in New York City.

At the airport, His Highness the Crown Prince was seen off by His Highness the Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, First Deputy Prime Minister and Minister of Interior Sheikh Fahad Yusuf Saud Al-Sabah, Kuwait National Guard (KNG) Chief Sheikh Mubarak Humoud Al-Jaber Al-Sabah, Minister of Amiri Diwan Affairs Sheikh Hamad Jaber Al-Ali Al-Sabah, Head of the Crown Prince’s Diwan Sheikh Thamer Jaber Al-Ahmad Al-Sabah, along with other senior state officials.

Accompanying His Highness is an official delegation including Foreign Minister Abdullah Al-Yahya, Director General of the Kuwait Direct Investment Promotion Authority Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, as well as other senior officials.

His Highness the Crown Prince is scheduled to chair Kuwait’s participation in high-level meetings and discussions as part of the UNGA’s 80th session, reaffirming Kuwait’s commitment to multilateral cooperation and international peace. — KUNA