Kuwait Capital Markets Authority issued a Board of Commissioners decision imposing a KWD 6,000 financial penalty on Noor Financial Investment Company (K.P.S.C.) for a procedural violation of the anti-money laundering and combating the financing of terrorism requirements in Module Sixteen of the executive bylaws to Law No. 7 of 2010 regulating securities activities. The penalty relates to a breach of Article (6-1) of Module Sixteen and was approved at the Board’s meeting No. 21/2025 held on 16 July 2025.
Kuwait Capital Markets Authority 2025-07-20
Kuwait Capital Markets Authority fines Noor Financial Investment Company KWD 6,000 for AML CFT procedural breach
The Kuwait Capital Markets Authority imposed a KWD 6,000 penalty on Noor Financial Investment Company for violating anti-money laundering and combating the financing of terrorism requirements under Module Sixteen of the executive bylaws to Law No. 7 of 2010. The breach pertains to Article (6-1) and was approved at the Board's meeting on 16 July 2025.