Nine Syrians get 10 years jail, 2 firms shut down in 6.884 million dinar fraud scheme
State Security and Terrorism Crimes Court has sentenced nine Syrian nationals to 10 years in prison each after convicting them in a major money laundering and electronic fraud case.
The court also imposed fines totaling approximately 6.884 million dinars on the accused and two commercial companies involved in the scheme.
In addition to the prison terms and financial penalties, the court ordered the permanent closure of the two companies, a general trading firm and a perfume and incense company, and banned them from engaging in any future commercial activities.
Two other defendants were acquitted.
According to the Public Prosecution, the convicted individuals operated as an organized criminal network involved in money laundering, electronic fraud, unlicensed banking activities, and the forgery of banking documents.
Investigators said the group allegedly deceived victims through fraudulent electronic payment links, illegally obtained their funds, and then laundered the proceeds by disguising them as legitimate commercial revenues deposited into company bank accounts.
The illicit funds were subsequently transferred to accounts outside Kuwait in an attempt to conceal their criminal origin and evade detection.
The ruling marks one of the latest actions by Kuwaiti authorities in their ongoing campaign to combat financial crimes, cyber fraud, and cross-border money laundering networks operating within the country.
