Tag: money laundering
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Two Travellers Hiding $1.67 Million in Cash at Airport
Thai customs officers arrested two foreign passengers at Suvarnabhumi Airport after finding more than $1.67 million in concealed US dollar banknotes – a case that's a good reminder of how seriously countries, including Kuwait, treat undeclared cash. Read more →
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Kuwait court jails 8 expats.
Kuwait's State Security and Terrorism Crimes Court has jailed eight expatriates for 10 years and ordered KD 27 million in fines over money laundering, forgery and unlicensed banking. Read more →
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Kuwait’s New Salary System
The Central Bank of Kuwait has rolled out a new system to monitor private-sector salary payments, part of a bigger push to get off the FATF grey list. Read more →