Kuwait Strengthens Anti-Money Laundering Measures in Key Sectors

Sep 3, 2026

56 min

Sep 3, 2026 03:30

Kuwait tightens anti-money laundering rules for gold, real estate sectors

## New Regulations for Gold and Real Estate

Kuwait has implemented stricter regulations to combat money laundering and terrorism financing in the gold, precious metals, and real estate sectors. These new rules require businesses to enhance customer verification, monitor transactions, and report any suspicious activities.

## Compliance Requirements

The Minister of Commerce and Industry, Osama Khaled Boodai, announced two key decisions outlining compliance requirements. Decision No. 172 mandates that companies dealing with gold and precious metals establish internal controls based on their risk exposure. They must conduct thorough due diligence on customers, monitor transactions, and maintain records.

Similarly, Decision No. 173 applies to real estate brokers and intermediaries. These businesses must verify customer identities, understand corporate ownership structures, and keep records for at least five years. Both sectors are required to report suspicious transactions to the Kuwait Financial Intelligence Unit.

## Increased Responsibility for Businesses

The new measures place a greater responsibility on businesses to identify potential risks and ensure compliance with Kuwait's anti-money laundering and counter-terrorism financing laws. This initiative aims to strengthen the integrity of these sectors and prevent illicit financial activities.

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