Arab Times, 24 March 2025: A resolution has been implemented imposing fines up to 10,000 dinars for money laundering violations.

Kuwait Ministerial Decision No. 25/2025, covers penalties and procedures for violations related to money laundering and terrorist financing. The resolution targets designated non-financial businesses and professions (DNFBPs) and categorises violations into three risk levels: low, medium, and high. Penalties range from written warnings and license suspensions to fines between 500 and 10,000 Kuwaiti dinars.

The resolution relates to Kuwait Law No. 106/2013 on combating money laundering and terrorist financing. Low-risk violations, such as failure to comply with due diligence for invoices under 3,000 dinars, will result in warnings or license suspensions. Medium-risk violations, including handling cash amounts exceeding 3,000 dinars, will lead to fines ranging from500 to 3,000 dinars. High-risk violations, such as failing to notify authorities about sanctioned individuals, carry fines between 4,000 and 10,000 dinars, with repeat offenders facing potential business bans.

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