Kuwait City: Severe actions will be taken against money laundering and terrorism financing. The Kuwaiti Central Bank has issued directives for strict enforcement following concerns over suspicious transactions and failure to report them.
In a recent report by the regional media Al Rai, it was noted that the measures will involve stringent controls on vehicles and electronic devices valued at over 1,500 dinars, which will be monitored through banks. This means that transactions involving such high-value items will now be scrutinized more rigorously to prevent misuse.
The Ministry of Commerce and the Kuwaiti Central Bank are currently engaged in discussions regarding these new controls. The introduction of additional regulatory measures and periodic checks are expected, with a focus on ensuring compliance and tracing any irregularities in financial transactions.
By Joseph Maliakan As a reporter who has witnessed the continuous erosion of academic freedoms…
KOCHI: The significance of the Comprehensive Economic Partnership Agreement (CEPA) as a catalyst to boost…
Kochi: A business seminar aimed at providing exporters and the business community with insights into…
The International Chamber for Indian Music & Culture, an international initiatives of Parakkadathu Koyickal Trust,…
India Union Budget was sector diversified and considering the increasing global economic challenges, the India…
MUSCAT: The ‘Who’s Who of Oman Indian s’, which will include detailed information on prominent…
This website uses cookies.