Intensive finance monitoring system used for collection of donations
Strict procedures in financial transactions and collection of donations this year resulted in the transformation of Kuwait into a State with intensive financial monitoring system, reports Al-Jaredah daily quoting legal sources. Sources pointed out the procedures included the collection of donations through K-Net instead of cash, confiscation of donation boxes in mosques and Husseiniyats, and referral of those proven to have violated the rules to the relevant authorities.
Sources revealed the securitymen and customs officers assigned in the borders have arrested many Asians and Arabs who tried to enter or leave Kuwait with huge amount of cash exceeding KD 3,000 or $10,000 without giving details on the source of money.
Sources said 10 departure and arrival passengers who had more than KD3,000 cash in their possession did not reveal the source of their money. Sources confirmed all those arrested were referred to the concerned authority for investigation as per law number 106/2013 on money laundering and financing terrorism.
They then urged the citizens and expatriates to declare the sources of their money if they have more than KD 3,000 whenever they travel; otherwise, they will be referred to the Public Money and Commercial Affairs Section in the Public Prosecution which handles money laundering cases.
They went on to say the concerned security authorities have asked the Directorate General of Civil Aviation (DGCA) to put up signboards informing travelers about the amount of cash they are allowed to carry and to inform aircraft passengers before arriving in Kuwait.