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Kuwait’s ‘Anti-Money Laundering’ Department Issues Preventive Measures Against 56 Violating Companies

Kuwait’s ‘Anti-Money Laundering’ Department Issues Preventive Measures Against 56 Violating Companies
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Kuwait’s ‘Anti-Money Laundering’ Department Issues Preventive Measures Against 56 Violating Companies

Kuwait’s ‘Anti-Money Laundering’ Department Issues Preventive Measures Against 56 Violating Companies

The Kuwaiti Anti-Money Laundering and Terrorism Financing Department, which falls under the Ministry of Commerce and Industry, issued 56 preventive measures against violating companies in October.

In a press statement on Wednesday, the ministry explained that these measures included sending written warnings to 20 real estate companies, a notice to a money exchange company, two others to two insurance companies, and 17 to jewelry companies.

They also included issuing orders for three jewelry companies to follow specific procedures to comply with the law and avoid violations.

The Department has completed the licensing procedures for 34 establishment applications during the same month, including 27 real estate companies and seven jewelry companies, the statement added.

It also updated the data of 85 licenses, 60 of which are for real estate companies, two for exchange companies, 21 jewelry companies, and two insurance companies.

Meanwhile, Head of Kuwait’s Anti-Corruption Authority (Nazaha) Abdulaziz al-Ibrahim has affirmed the support for all efforts made to enhance integrity and combat corruption at the level of the Gulf Cooperation Council (GCC) states.

His remarks were made in a video-conference on Tuesday during the sixth meeting of the bodies responsible for protecting integrity and combating corruption in GCC.

Several articles in the field of combating corruption were discussed, topped by enacting the guiding law to protect GCC public funds.

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Arab Solidarity with Qatar After Iranian Missile Strike

Interceptor missiles are fired, after Iran's armed forces say they targeted the Al-Udeid base in a missile attack, as seen from Doha, Qatar, June 23, 2025. REUTERS/Stringer
Interceptor missiles are fired, after Iran's armed forces say they targeted the Al-Udeid base in a missile attack, as seen from Doha, Qatar, June 23, 2025. REUTERS/Stringer
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Arab Solidarity with Qatar After Iranian Missile Strike

Interceptor missiles are fired, after Iran's armed forces say they targeted the Al-Udeid base in a missile attack, as seen from Doha, Qatar, June 23, 2025. REUTERS/Stringer
Interceptor missiles are fired, after Iran's armed forces say they targeted the Al-Udeid base in a missile attack, as seen from Doha, Qatar, June 23, 2025. REUTERS/Stringer

In a unified show of Arab solidarity, several Gulf and regional nations strongly condemned Iran’s missile strike on Al-Udeid Air Base in Qatar, denouncing it as a flagrant violation of international law, regional sovereignty, and the principles of good neighborliness.

Saudi Arabia led the regional response, with the Ministry of Foreign Affairs issuing a sharply worded statement condemning the strike as an “unjustifiable and unacceptable act” that violated international norms. Riyadh reaffirmed its full support for Qatar, pledging to mobilize all available resources to assist its Gulf neighbor in any measures it deems necessary.

Bahrain echoed the Kingdom’s stance, condemning the IRGC’s aggression as a clear breach of Qatari sovereignty and airspace. Manama’s Foreign Ministry emphasized the “bond of brotherhood and blood” that ties Gulf Cooperation Council (GCC) states, urging restraint and peaceful resolution of disputes while affirming its unwavering support for Doha.

The United Arab Emirates condemned the attack in the strongest terms, calling it a blatant violation of Qatari sovereignty and a dangerous escalation. The UAE’s Foreign Ministry expressed full solidarity with Qatar and underscored the importance of protecting civilians and maintaining regional stability. It warned that continued military provocations could lead the region into dangerous and irreversible consequences.

For its part, Kuwait described the strike as a “grave breach” of Qatari airspace and sovereignty. The Foreign Ministry declared its total support for Qatar’s leadership and people, backing their right to respond appropriately to such an attack. Kuwait also offered to mobilize its full capabilities to support its Gulf partner.

Oman, while emphasizing its commitment to de-escalation, also denounced Iran’s strike as a violation of the sovereignty of a fellow GCC member. Muscat pointed to Israel’s earlier unlawful strike on Iranian territory as a trigger for the current escalation and warned that expanding the conflict would only lead to greater instability and humanitarian suffering.

Iraq expressed deep concern about the intensifying regional conflict. Its Foreign Ministry called for immediate restraint, warning that the Iranian strike marked a dangerous turning point that could draw more actors into an already volatile confrontation.

The Secretary-General of the GCC, Jassim Al-Budaiwi, issued a strong statement condemning the Iranian missile attack as a violation of Qatari sovereignty and a threat to the collective security of the Gulf states. He stressed that Qatar’s security is inseparable from that of the entire GCC and called on the international community and the UN Security Council to hold Iran accountable for its destabilizing actions.