Kuwait Imposes KD 155,000 in Fines for Anti‑Money Laundering Breaches
Published By Regional Desk
Fines Imposed for AML Violations
The Ministry of Commerce and Industry announced on Tuesday that it has levied fines totalling KD 155,000 against various entities for breaching Law No. 106 of 2013 on combating money laundering and related ministerial decisions.
Details of the Penalties
According to a statement to KUNA, the violations were identified between January and August 2026 under Ministerial Decision No. 25 of 2026, which outlines penalties and measures for designated non‑financial businesses and professions.
Four real‑estate brokerage firms were fined a combined KD 20,000 for failing to notify the Kuwait Financial Intelligence Unit within two working days of detecting suspicious transaction indicators.
Additionally, 27 establishments dealing in gold, precious stones and precious metals received fines amounting to KD 135,000 for similar reporting shortcomings, with each violation penalised at KD 5,000.
Ministry’s Continuing Oversight
The ministry affirmed that it will persist in monitoring compliance with anti‑money laundering regulations and will take the necessary legal steps against violators to protect the integrity of financial and commercial transactions.
