Kuwait and Gulf Fine for Commercial Fraud
A Royal Decree-Law has been issued in Kuwait to punish violations of commercial fraud laws, particularly Articles (2), (3), and (5), as well as subparagraphs (a) and (b) of Article (8). Offenders may face imprisonment for up to two years and a fine of no less than 5,000 riyals and no more than one million riyals or their equivalent in other Gulf Cooperation Council currencies. The law emphasizes strict penalties for anyone proven to violate these provisions. It comes into effect from the date of its publication in the Official Gazette, with the aim of cracking down on commercial fraud and protecting the market.
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