Kuwait commerce ministry takes measures against offending companies
Tuesday, 01 07 2020, Category: Insurance and Reinsurance, Country: Kuwait
The Ministry of Commerce and Industry said on Monday that the department for combating money laundering and terrorism funding issued in December a total of 128 precautionary measures against offending companies, in accordance with Law 106/2013.
The ministry said in a press release that the measures included the address of written warnings to 14 realty companies, nine jewels companies, a single insurance firm and a money exchange company.
Up to 49 property companies, 23 jewelry companies and two money exchange ones were compelled to abide by specific measures compatible with the laws.
Source: Kuwait News Agency