The Kuwait Capital Markets Authority has issued a Board of Commissioners resolution imposing a financial penalty on Al Masar Leasing and Investment Company (K.S.C.C.) for a procedural violation of Module Sixteen on Anti-Money Laundering and Combating the Financing of Terrorism in the Executive Bylaws of Law No. 7 of 2010 regulating securities activities. The resolution imposes a fine of KWD 6,000 for breaching Article (6-1) of Module Sixteen, following the Board’s meeting No. 21/2025 held on 16 July 2025.
Kuwait Capital Markets Authority 2025-07-20
Kuwait Capital Markets Authority fines Al-Masar Leasing and Investment Company KWD 6,000 for AML CFT procedural breach
The Kuwait Capital Markets Authority has fined Al Masar Leasing and Investment Company KWD 6,000 for violating Article (6-1) of Module Sixteen on Anti-Money Laundering and Combating the Financing of Terrorism. The decision was made during the Board of Commissioners meeting No. 21/2025 on 16 July 2025.