Decree-Regulation No. 76 of 2025 has been revealed within the Official Gazette (Kuwait Alyawm) amending some provisions of Regulation No. 106 of 2013 on combating cash laundering and terrorist financing.
The up to date regulation strengthens Kuwait’s authorized mechanisms for implementing United Nations Safety Council (UNSC) resolutions underneath Chapter VII of the UN Constitution, notably these concentrating on terrorism, its financing, and the proliferation of weapons of mass destruction, stories Al-Anba day by day.
Underneath the newly amended Article 25, the Council of Ministers is remitted, upon the advice of the Minister of Overseas Affairs, to concern the mandatory selections for implementing UNSC resolutions.
These embody selections associated to the itemizing and delisting of people or entities, freezing funds and belongings, and prohibiting monetary transactions with pure or authorized individuals. The regulation emphasizes that such selections take impact instantly upon issuance, and should respect the rights of bona fide third events.
The Council of Ministers can also be approved to delegate powers to a different minister, who might in flip kind a particular committee to supervise the implementation of those selections.
The manager laws accompanying the regulation will element procedures for publishing selections, submitting appeals, managing frozen belongings, and authorizing restricted fund entry for residing bills or monetary obligations, making certain funds are used just for permitted functions.
A brand new penal provision (Article 33 bis) was added, imposing fines between KD 10,000 and KD 500,000 for every violation of Cupboard selections made underneath Article 25. This penalty is along with any sanctions regulatory our bodies might impose on monetary establishments or designated non-financial companies and professions, as outlined in Article 15 of the regulation.
To keep up regulatory continuity, Article 3 of the Decree-Regulation stipulates that every one present laws and selections issued previous to the regulation’s enactment will stay legitimate, until they battle with its provisions or are formally amended or repealed. This ensures that frameworks just like the Particular Committee fashioned underneath Ministerial Decision No. 8 of 2025 proceed to perform successfully.
The explanatory memo accompanying the decree underlines Kuwait’s dedication to worldwide obligations, stating that the regulation ensures the stability between efficient compliance with Safety Council resolutions and respect for constitutional ensures and particular person rights.
It gives a stable authorized basis for swift, clear implementation of worldwide mandates, whereas enabling appeals and restricted entry to frozen belongings for humanitarian or important monetary functions.
Lastly, Article 4 duties the Prime Minister and related ministers with implementing the provisions of the regulation, which formally entered into drive upon its publication within the Official Gazette Kuwait Alyawm.