WarbaBank

As Part of Its National Role and Commitment to Business Integrity

As part of its commitment to promoting awareness of banking best practices and its national responsibility to combat financial crime while reinforcing adherence to sound governance standards, Warba Bank organized a workshop on Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) for employees of the Ministry of Commerce and Industry.

The workshop was attended by 50 employees from the Ministry’s Anti-Money Laundering and Counter-Terrorism Financing Department. It aimed to enhance banking awareness, strengthen participants’ knowledge and expertise, and highlight regulatory frameworks and best practices adopted by the Bank in the field of AML/CFT. The workshop was aligned with the instructions and supervisory regulations issued by the Central Bank of Kuwait and contributes to supporting the integrity and stability of Kuwait’s financial system.

This initiative reaffirms Warba Bank’s commitment to supporting national efforts aimed at safeguarding the integrity of the financial system and strengthening cooperation between the banking sector and government entities. The workshop also forms part of the Bank’s ongoing support for the national banking awareness campaign “Diraya,” which seeks to promote financial literacy and raise awareness of risks associated with financial crimes.

Commenting on the workshop, Mr. Abdulaziz Basel Abuhaimed, Senior Manager – Anti-Money Laundering, Counter-Terrorism Financing and Tax Compliance at Warba Bank, stated: “Our commitment to combating money laundering and terrorist financing is absolute and non-negotiable. It is an integral part of our identity as a responsible financial institution. We do not view this merely as compliance with regulatory requirements; rather, we see it as a national and ethical duty toward our community and our economy. Organizing this workshop for employees of the Ministry of Commerce and Industry reflects our firm belief that combating financial crime requires collective efforts across all sectors of the state. We are proud to be at the forefront of institutions that proactively share knowledge and expertise in collaboration with the government sector.”

Abuhaimed added that Warba Bank, with its specialized experts, is committed to sharing both international and local best practices and procedures, contributing to building the capabilities of national talent in line with the directives of the Central Bank of Kuwait and the “Diraya” initiative.

“We remain committed to organizing such initiatives that help build a strong defense against any attempts to exploit the financial system, ensuring a secure and transparent banking environment for all," he said.

The workshop covered several key topics, including the latest methods of money laundering and terrorist financing, the local and international legal and regulatory framework, the role of technology in detecting suspicious transactions, and practical case studies designed to enhance understanding and real-world application. The session witnessed strong engagement from participants, who praised the depth of content and the practical expertise delivered by Warba Bank’s team.”

Through this initiative, Warba Bank reaffirms its sustainable commitment to working hand in hand with official authorities, contributing to the development of the compliance framework, and supporting efforts to protect the national economy reflecting its role as a responsible Islamic banking institution that places the public interest at the forefront of its priorities in pursuit of sustainable development.

The Bank also extended its sincere appreciation to the Ministry of Commerce and Industry for its efforts in combating money laundering and terrorist financing throughout 2025, recognizing the Ministry’s leading role in addressing financial crime and facilitating awareness workshops to highlight the risks associated with such crimes.

Warba Bank is among the banks that have achieved significant success in a relatively short period, securing a leading position in Islamic digital banking. With one of the largest shareholder bases among local banks, the Bank remains close to all segments of society. This sponsorship further reinforces Warba Bank’s position as a trusted banking partner that combines innovation with social responsibility in delivering high-quality financial services and products.