– Kuwait’s Assistant Foreign Minister for Development and International Cooperation and Minister Plenipotentiary Hamad Al-Mashan said that the crypto currencies workshop, which concluded Tuesday with international participation, has shed light on how to address the financing of terrorist groups.
Al-Mashan added, in a statement to KUNA, that the workshop was co-chaired by Saudi Arabia and the United States of America, during which the best experiences and steps in confronting and combating money laundering and terrorist financing were tackled.
The Ministry of Interior, Ministry of Justice, the Capital Markets Authority, Ministry of Commerce, Ministry of Finance, Ministry of Defense, the General Administration of Customs, the Central Bank, and the General Prosecution participated in the workshop.
The Terrorist Financing Targeting Center was established in 2017, as a cooperative approach to confronting threats and variables arising from (terrorism) financing, with the co-chairmanship of the Kingdom of Saudi Arabia and the United States of America and membership of the Arab Gulf states.
The center contributes to achieving the pillars of joint work with new and innovative tools in identifying, tracking, and exchanging information related to terrorist financial networks, coordinating deterrent and collective measures and enhancing capacity building to counter terrorist financing threats.

Source: Kuwait News Agency