Anti Money Laundering

Anti Money Laundering

Anti Money Laundering

Ahli United Bank K.S.C. (AUB) recognizes that adherence to the legislations & regulatory instructions pertinent to AML & CFT will not only result in the Bank’s being in compliance with the local legislation and mitigating the risks that the Bank could be exposed to but it will also serve as platform within an important cycle of measures adopted by all public & private institutions to protect Kuwait against such crimes

Anti-Money Laundering &Terrorist Financing Statement

Accordingly AUB has taken the required procedures to ensure the Bank’s compliance with the following:

- Law 106/2013 on AML & CFT and its Executive directives and any other related laws.
- Instructions no. (2/BS/IBS/432/2019) to all local Banks dated (14/05/2019)
- Resolution No. (35) Of 2019 concerning the executive regulation for the implementation of the Security Council resolutions issued under Chapter VII of the United Nations Charter related to terrorism and terrorism financing.
- Issued Ministerial Resolutions on AML & CFT transactions.

In keeping with these regulations and to restrict Money Laundering and counter terrorism financing AUB has established an independent department and appointed competent Compliance Controller to verify the bank's compliance with the requirements of the provisions of the Law No. (106) of 2013 concerning combating of money laundering and financing of terrorism, its executive regulations, the relevant ministerial resolutions and instructions issued by the Central Bank of Kuwait in this regard.

To view Anti-Money Laundering & Counter Terrorist Financing Questionnaire - Click Here

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