Trade Fines Total 155k Dinars
The Ministry of Commerce and Industry in Kuwait has imposed fines totaling 155,000 Kuwaiti dinars on several entities for violations of the Anti-Money Laundering and Combating the Financing of Terrorism Law, during the period from January to August 2026. The violations included failure to report suspicious transactions in the real estate brokerage and gold and precious metals trading sectors. A fine of 5,000 dinars was imposed for each violation. The violations varied, including four cases in the real estate sector and 27 establishments involved in gold trading. The ministry affirms its ongoing efforts to monitor and take legal actions to ensure compliance and eliminate illegal activities that threaten the integrity of financial and commercial transactions.
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