Following its placement on a “grey list,” Kuwait has issued a directive ordering local jewelers to take more stringent measures against suspected money laundering. The Gulf country was added to the list in January 2026 by the Paris-based Financial Action Task Force.
It claimed that the nation’s anti-money-laundering and counterterrorism funding legislation had flaws. Kuwait remained on the international watchdog’s gray list after it convened once more in June to examine its roster. The Kuwaiti administration responded to the judgment by requesting to be added to the list.
Kuwait’s ministry of trade and industry released a new set of rules on Tuesday that are intended to assist jewelry retailers in identifying potential fraud and money laundering. Businesses and staff will be better able to monitor and evaluate anomalous activity using a risk-based approach thanks to the new framework.
Kuwaiti officials are warning jewelers to be on the lookout for several warning signs, such as hiding the source of cash, giving false or insufficient information, and denying or postponing the filing of necessary paperwork.
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