MCI issues new rules to combat real estate money laundering

The Ministry of Commerce and Industry has issued Ministerial Resolution No. (25) of 2025, outlining new rules and procedures for identifying and addressing violations related to money laundering and terrorist financing among real estate brokers and dealers in precious jewelry.

The resolution categorizes 19 specific violations based on Law No. (106) of 2013, its executive regulations, and related ministerial decisions.

These violations are classified according to risk level — 4 low-risk violations, 9 medium-risk violations and 6 high-risk violations, reports Al-Rai daily.

The ministry clarified that the goal of imposing financial penalties is not to punish or harm the violating parties, but rather to enforce compliance and strengthen Kuwait’s efforts in the global fight against financial crimes.

This regulatory step reflects ongoing efforts to tighten controls over specific non-financial businesses and professions (DNFBPs), which are often vulnerable to being misused for illicit financial activities. The decision aims to ensure transparency and legal accountability across both sectors.