Title: The Capital Markets Authority signs memorandum of understanding with the Kuwait Financial Intelligence Unit in the field of Anti- Money Laundering and the Crimes Associated with it, and Combating Financing of Terrorism

Kuwait, July 20, 2025 - As part of its keenness to enhance institutional cooperation and integration and adopt practices for providing a safe environment for the development of capital markets, the Capital Markets Authority (CMA) signed today a Memorandum of Understanding (MoU) with the Kuwait Financial Intelligence Unit (KwFIU) on cooperation and exchange of information in the field of combating money laundering, the predicate crimes associated with it, and the financing of terrorism, aiming to establish frameworks for cooperation and coordination between the two parties in this field. The MoU was signed by Mr. Emad Ahmed Tifouni, Chairman of the Board of Commissioners and Managing Director on behalf of the CMA, and Dr. Hamad Khaled Al-Mekrad, Chairman of Kuwait Financial Intelligence Unit on behalf of the KwFIU. The signing was attended by Ms. Rayan Mohammed Al Zaid, Vice Chairman of the CMA Board of Commissioners, and Mr. Yousef Ali Al-Omar, Vice Chairman of the Kuwait Financial Intelligence Unit.

The terms of the memorandum included several aspects, such as the scope of information that the unit can provide to the CMA and the information that the CMA can provide to the Unit. It also defined the mechanism for the exchange of information between the two parties, as well as the scope of using the information exchanged between the two parties to ensure adherence to strict confidentiality standards. The memorandum also defined aspects of cooperation, which include holding periodic meetings to enhance joint cooperation, coordinating to implement preventive supervision measures, exchanging information and expertise, conducting training and qualification programs and plans for the staff of both parties, and joint attendance at training courses held by each party on Anti-Money Laundering and Combating Financing of Terrorism.

It should be noted that the Capital Markets Authority confirms its keenness and commitment to Anti-Money Laundering and Combating Financing of Terrorism within the framework of its supervisory role and enhancing the stability of the financial markets’ environment in accordance with best practices.

Ends-
Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.

Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.

For further information, please contact:
Public Relations & Media Office
Tel: 1888898
Email: pr-media@cma.gov.kw