Kuwait dismantles cross-border money laundering ring, 8 in police custody
Six Egyptians, two citizens arrested in illegal remittance scheme; unlicensed banking network, money laundering operations exposed
The Ministry of Interior announced that the security personnel from the Directorate-General for Combating Terrorism and Money Laundering in cooperation with the General Department of Criminal Investigation, have dismantled a criminal network involving six Egyptians and two Kuwaiti citizens.
The group was found to be conducting illegal financial transfers through what the ministry called the “alternative remittance systems,” unregulated channels designed to bypass official banking oversight and carry out unauthorized banking activities.
Investigations revealed that the funds were transferred in coordination with traders across several countries, causing serious harm to financial and economic systems, eroding trust in banking institutions, and threatening Kuwait’s financial stability.
The authorities also confirmed that companies linked to the suspects were used as fronts for their operations.
This crime falls under Law No. 106 of 2013 on Combating Money Laundering and Terrorism Financing, which imposes strict penalties for offenses that endanger national interests.
The Ministry reaffirmed its commitment to protecting Kuwait’s financial system, warning that anyone attempting to exploit it illegally will face the toughest legal action to safeguard the country’s security, stability, and international reputation.
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