VIENNA, June 19 (KUNA) — Kuwait has reiterated its dedication to promoting transparency and integrity as part of global efforts to combat corruption. This commitment was highlighted during the ongoing participation of Kuwait’s Anti-Corruption Authority (Nazaha) in the United Nations Convention against Corruption (UNCAC) Implementation Review Group (IRG) meetings, held from June 16 to 20 at the UN’s Vienna headquarters. Abdulrahman Al-Wazzan, an official at Nazaha, stated that Kuwait continues to introduce legislation to strengthen its legal framework against corruption. He noted that Kuwait has established a regulatory system to address corruption crimes, in line with international resolutions and recommendations from the Financial Action Task Force (FATF). Al-Wazzan also mentioned the issuance of Ministerial Resolution No. 4 of 2023, which mandates commercial companies to disclose the identity of real beneficiaries, thereby enhancing transparency and aiding in combating money laundering and terrorism financing. Recent updates to Ministerial Resolution No. 16 of 2025 include imposing penalties such as warnings, fines, and suspension of registration for non-compliance. Al-Wazzan concluded by affirming Kuwait’s commitment to fulfilling its international obligations in fighting corruption and highlighted Nazaha’s role in representing Kuwait on global platforms.
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Kuwait reiterates commitment to boosting transparency, combat corruption worldwide
VEINNA, June 19 (KUNA) — The State of Kuwait affirmed its strong commitment to enhancing transparency and integrity within the framework of international efforts to combat corruption. nThis comes as Kuwait Anti-Corruption Authority (Nazaha) continues its participation in the meetings of the United Nations Convention against Corruption (UNCAC) Implementation Review Group (IRG), held from June 16 to 20 at the UN’s headquarters in Vienna. nAbdulrahman Al-Wazzan, and official at Nazaha, said in a speech to the meetings that Kuwait continues to issue legislation that strengthens its legal system to combat corruption. nAl-Wazzan added that Kuwait has developed a legal and regulatory framework to determine the liability of people in corruption crimes, in implementation of resolution 10/6 of the Conference of the States Parties on Enhancing the use of beneficial ownership information to strengthen asset recovery and in application of Financial Action Task Force (FATF) recommendations. r nHe referred to the issuance of Ministerial Resolution No. 4 of 2023 by the Ministry of Commerce and Industry, which obliges all commercial companies to disclose the identity of the real beneficiary, stressing that this decision enhances transparency in legal structures and helps the regulatory authorities in combating money laundering and financing terrorism. nHe added that recent amendments to Ministerial Resolution No. 16 of 2025 include imposing financial and administrative penalties on violating companies, including warnings, fines and suspension of registration. nAl-Wazzan explained that Nazaha currently chairs the Gulf Ministerial Committee on Anti-Corruption, noting that the committee pays special attention to the issue of transparency of the real beneficiary. nNazaha has prepared a draft Gulf guide in this field in cooperation with the United Nations Office on Drugs and Crime, which submitted its observations on the guide and was also coordinating with, to organize a specialized regional workshop. r nAl-Wazzan concluded his speech by stressing Kuwait’s keenness to fulfill its international obligations in combating corruption and the role of Nazaha in representing Kuwait and highlighting its achievements in international forums. (end) r namq.seo