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The Ministry of Commerce and Industry in Kuwait has launched an extensive enforcement campaign targeting the country’s precious metals sector, resulting in the detection of 134 financial violations involving gold shops and jewelry retailers accused of breaching anti-money laundering regulations and technical compliance standards. The aggressive regulatory operation reflects the government’s escalating effort to shield the national economy from illicit financial activity while

The first plenary session of the year held by the Financial Action Task Force (FATF) concluded on 13 February 2026, after which the organisation announced major updates to the FATF Grey List. The revisions included the addition of Kuwait and Papua New Guinea to the list, formally known as “Jurisdictions Subject to Increased Monitoring”. Under its supervisory role, FATF regularly releases updates to the list of countries identified as having strategic shortcomings in their Ant

A criminal court in Kuwait has imposed seven-year prison sentences on nine individuals convicted of running an online gambling platform and laundering the proceeds of illegal activity, in what authorities characterised as an organised criminal enterprise. In addition to the custodial sentences, the court ordered each of the nine defendants to pay a fine of KD1m (approximately $3.3m). This brings the combined personal fines to KD9m (around $29.7m). The court also levied a

A criminal court in Kuwait has imposed seven-year prison sentences on nine individuals convicted of running an online gambling platform and laundering the proceeds through a complex financial network, in a case described by authorities as an organised criminal scheme. In addition to the custodial sentences, the court ordered each defendant to pay a fine of KD1m (approximately $3.3m). The combined personal fines total KD9m (around $29.7m). The court also levied a separate