Kuwait commerce ministry takes measures against offending companies

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