Bahrain – While the new government promised to address the issue, the Kuwaiti judiciary chose to fine and imprison two people on allegations of money laundering.
Sheikh Mazen Al-Jarrah Al-Sabah, a member of the ruling family, and businessman Nawaf Al-Shalahi were sentenced to five years in prison and fined one million and 360 thousand dinars by the Kuwaiti Court of Appeal, which is presided over by Counselor Wael Al-Ateeqi, for the charge of money laundering in the case of the bribery of the Bengali MP.
The Court of Cassation decided last year to permanently, Major General Al -Jarrah and Al -Shalahi, in the case of the Bengali MP, who is convicted of human trafficking, Mohamed Shahid, who were imprisoned for seven years with work, enforcement, and fining each million and 970 thousand Kuwaiti dinars.
The Hassan Al-Khidr Prison official was also sentenced to seven years of probation, work requirements, a fine of 180 000 dinars, and job isolation by the court.
On June 7, 2020, the Kuwaiti authorities detained a member of the Bangladeshi Parliament who later confessed to helping bring in foreign workers for phoney contracts with the help of a former MP, businessman Nawaf Al-Shalahi, and Major General Al-Jarrah in exchange for money.
These provisions come, while Kuwaiti Prime Minister Sheikh Ahmed Nawaf Al -Ahmad Al -Sabah pledged to include his new government’s work program “fighting corruption, promoting integrity and drying money laundering sources. ”
The economy of Kuwait had a decline in corruption and money laundering, which prompted earlier administrations to implement a number of measures to end the abuses.
In October 2020, the Kuwaiti Ministry of Trade and Industry revealed that the Department of Money Laundering and Terrorism Financing issued 56 precautionary measures on the violating companies.
The sanctions, according to a statement from the ministry, included warnings to two insurance businesses, 17 jewellery companies, 20 real estate companies, and an exchange company.
It stated that among the steps was a directive to three jewellery businesses to adhere to particular protocols in order to abide by the law and prevent infractions.
In 2020, a number of Kuwaiti celebrities and artists were involved in the phenomenon of money laundering, which prompted the Public Prosecution last month to form a pre -council of accounting experts in order to check the accounts of those accused of laundering their money.
In August 2020, the Public Prosecution book all yachts, vehicles and water bikes owned by these celebrities after a decision was issued to freeze all their banking assets and prevent their travel.
The same year, the money laundering scandal that shook Kuwait’s public opinion was revealed to have implicated gambling casinos in Europe and Britain by the Al-Qabas newspaper in September.
In August 2020, the Supreme Judicial Council of Kuwait made the decision to halt seven judges and subject them to an investigation due to their possible connections to the Iranian accused of money laundering Fouad Salehi Al-Mahbus’ network.
Beginning in 2020, the Kuwaiti government began to take action against any attempts to launder money and to halt the operations of fifteen infringing companies.
A member of the ruling family of Kuwait has been condemned to prison for his role in money laundering.
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