Kuwait – 65 actions to combat money laundering in Sept
Thursday, 10 18 2018, Category: Insurance and Reinsurance, Country: Kuwait
The Ministry of Commerce and Industry in Kuwait said that its Anti-Money Laundering department made 65 preventive actions on the companies that did not respect Law No 106 of year 2013 during the last month of September.
Moreover, the ministry added that these actions included written warnings sent to five real estate companies, three currency exchanges and four jewelries.
Furthermore, these actions also included orders to 20 real estate companies, 4 insurance companies and 11 jewelries to follow the required procedures in order to comply with the law.
Source: Al Rai