Kuwait anti-money laundering efforts received a significant boost as the Ministry of Commerce and Industry issued Decision No. 25 of 2026. The decision sets rules, procedures, and penalties for Non-Financial Businesses and Professions (DNFBPs) to combat money laundering (AML) and counter terror financing (CFT).
The ministry explained that the decision aligns with Law No. 106 of 2013 on fighting money laundering and terror financing. Authorities outlined violations according to risk levels: low, moderate, and high danger. Each violation carries corresponding financial or administrative penalties.
Low-level violations now include cash dealings, with fines starting at KD 300. Moderate violations include failure to maintain proper financial records, with fines up to KD 1,000 and possible suspension of commercial activity for three months. High-danger violations carry fines of up to KD 500,000, alongside administrative or legal actions.
Kuwait anti-money laundering regulations also require businesses to establish mechanisms for reviewing local and international sanctions lists to terror funding. Non-compliance results in fines of KD 4,000 and further legal proceedings.
Officials stressed that these measures aim to strengthen compliance, enhance transparency, and protect the national economy. Businesses are now expected to maintain detailed financial records for at least five years, report suspicious transactions, and ensure internal monitoring systems are in place.
The ministry highlighted that the step also reinforces Kuwait’s commitment to international AML/CFT standards. Authorities will monitor DNFBPs closely and enforce penalties strictly to prevent misuse of the financial system.
The decision demonstrates Kuwait’s proactive approach to financial security and international cooperation. By implementing stringent penalties and clear guidelines, the country strengthens its defense against illicit financial activities. Authorities also encouraged business owners to remain aware of updates and maintain strict compliance with the new rules.
