Tag: Central Bank of Kuwait
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Kuwait is checking small repeated transfers
Kuwait banks are strengthening checks on repeated cash deposits and transfers below KD3,000, after the Central Bank told them to watch for split transactions used to dodge reporting rules. Read more →
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Video – Kuwait scam alert: fake police now add fake bank staff on video calls
Scammers in Kuwait are adding a new character to their video-call con: after a fake police officer scares you, a fake bank employee takes over the call. Here's how to spot it and protect yourself. Read more →
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Kuwait opens bank loans under new law 114/2026
Kuwait's new Decree-Law 114/2026 lets citizens get housing finance from banks and finance firms, not just Kuwait Credit Bank. Here's how the new system works and what happens if a borrower defaults. Read more →
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Face recognition and OTP is compulsory for low salary transfers
The Central Bank of Kuwait now requires banks to use facial recognition and OTPs to confirm that low-income workers approve every transaction from their salary account, as part of a wider crackdown on fake salary payments. Read more →
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Your detail in shoun being linked with your bank for confirmation of salary and transfers.
PAM has linked its systems with the Central Bank of Kuwait to watch over private sector salary payments, with new rules protecting workers earning up to KD 300 a month. Read more →
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If your salary is 300 KD and transfers 25 KD or more that salary, you will be checked..
The Central Bank of Kuwait has told local banks to add two-factor authentication and six-month transaction reviews for low-paid private-sector workers, to stop employers forcing staff to return their wages. Read more →
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CBK tells Kuwait public: report unlicensed money transfers
The Central Bank of Kuwait has asked the public to report people or companies running money transfers, financing or payment links without a licence, warning this puts customer funds at risk. Read more →
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Kuwait’s KNET removed bill payments services.
Kuwait's Central Bank has amended KNET's list of registered activities, adding four new services including property ownership and valuables collection, while dropping electronic invoice collection through POS machines. Read more →
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How to Get a Personal Loan in Kuwait: Banks, Rules and Steps
A practical walkthrough of how personal loans work in Kuwait, from Central Bank limits to the documents and steps needed to apply at conventional or Islamic banks. Read more →
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Kuwait Launches New System to Protect Private-Sector Salaries
The Central Bank of Kuwait has rolled out KWPS, a new platform meant to make sure private-sector salaries land on time and give authorities a way to catch companies that don't pay up. Read more →