Arab Times, 19 August 2025: Kuwait’s banking regulator has imposed substantial fines on two financial institutions for breaching anti-money laundering regulations, with penalties totalling 55,000 Kuwaiti dinars.

The Central Bank of Kuwait levied a fine of KD 35,000 against a local bank following an inspection that revealed multiple compliance failures.

In addition to the financial penalty, the bank received a written warning and must implement specific corrective measures, which governs money laundering and terrorist financing controls.

In a separate action, the regulator fined an electronic payment service provider KD 20,000 for violating Clause 7 of the payment services anti-money laundering instructions issued in July 2023.

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