Kuwait bans remittances to twelve countries

Kuwait is blacklisting twelve countries, including Arab states, after recently discovering that they were transferring funds to terrorist groups, Arabic news paper Al-Anbaa reported. According to report, the blacklisted countries include some islands known to host offshore accounts of companies that run illegal businesses for the sake of money laundering, eventually using such funds to support terrorist groups.

The names of the countries involved were not disclosed and once the list is approved, it will be published in the official gazette, daily added.