KUWAIT: Minister of Finance and State Minister for Economic and Investment Affairs Dr Anwar Al-Mudhaf discussed combating illegal financing and money laundering with visiting US congressman French Hill. Financial terrorism, as well as future of virtual currencies and its effect on financial inclusion were also discussed during Al-Mudhaf’s meeting with Hill, who is serving as Vice Chairman of the House Financial Services Committee and Chairman of THE subcommittee tasked with overseeing all areas related to digital assets and financial technology, relayed a Ministry-issued statement on Thursday.
Minister Al-Mudhaf spoke of the legal grounds, which Kuwaiti financial establishments are built on, the adopted practices and supervision they undergo, highlighting state efforts on reforming public budget structure and rebuilding the economy.
Kuwait’s Minister of Foreign Affairs Abdullah Al-Yahya met on Thursday with US Ambassador to Kuwait Karen Sasahara at his office in the ministry headquarters. The foreign minister and the US ambassador, in their discussions, dealt with bilateral relations and strategic cooperation between the two countries, as well as latest regional and international developments, particularly current events in Gaza. – KUNA