Kuwait: MoCI to Tackle Fraud in Precious Metal
Arab Times, 1 August 2024: The Ministry of Commerce and Industry’s (MoCI’s) Undersecretary has issued a decision to form a joint working team between the Precious Metals Department and the Commercial Control Department to reduce the phenomenon of fraud in precious metals.
This team is headed by the Commercial Control Department’s Director, with a deputy and nine ministry employees as members.
The decision has defined the team’s responsibilities, which include conducting joint inspection tours between the two departments at gold and precious metal jewelry shops and workshops to combat commercial fraud.
The team’s activities will continue over three months from the date of the decision’s issuance.
The Commercial Control Inspection Teams at the Fish Market Centre in the eastern region affiliated with MoCI continue their efforts and inspection campaigns to monitor the performance of offices selling imported fish.
One of the campaigns had resulted in the closure of an office after the office owner started the auction without obtaining the approval of the ministry’s inspectors, violating the regulations and laws in force.
The inspection teams have also conducted several tours of school clothing stores in Hawally, resulting in the issuance of seven citations for various violations such as lack of price tags and absence of country of origin labels.
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