The Ministry of Commerce and Industry's Anti-Money Laundering and Terrorist Financing Department conducted approximately 936 inspections of real estate, exchange, and jewelry companies in the first nine months of 2023, averaging four inspections per day. A total of 372 field visits were made to real estate companies, 92 rounds were made to exchange companies, and 472 rounds were made to jewelry companies during this period. The Ministry of Commerce reports that within nine months, the Money Laundering and Terrorist Financing Department suspended the activities of four companies, including a real estate firm, two exchange firms, and a jewelry firm.

In addition, eight companies' licenses were lifted simultaneously, including two real estate companies, an exchange company, and five jewelry shops. The department blocked 27 websites during the same period, and around 1.87 thousand transactions relating to money laundering were recorded. It includes 1,28 thousand real estate transactions, 41 transactions for exchange companies, and 550 transactions for jewelry companies.

A total of 284 transactions were conducted by the Anti-Money Laundering Department within nine months, including 1.65 thousand real estate transactions, 136 exchange transactions, and 1.05 thousand jewelry transactions. In June, the Kuwaiti Ministry of Commerce and Industry initiated a campaign using electronic platforms, particularly the Sahl application and e-mail, to raise awareness among local companies and commercial institutions about financial crimes.

Businesses were sent awareness messages about the dangers of money laundering and terrorist financing, emphasizing the need to secure financial transactions and protect institutions from these threats. During the nine months, inspections were conducted to ensure compliance with the provisions of Law No. 106 of 2013 on money laundering and terrorist financing, Ministerial Resolution No. 37 of 2013, and Ministerial Resolution No. 431 of 2016. Data and procedures were inspected, documents examined, customer information updated, and documents examined. To strengthen the Ministry's supervisory role in dealing with electronic risks related to combating money laundering, terrorist financing, and consumer protection, the Ministry of Commerce and the Communications and Information Technology Commission signed a memorandum of understanding in late November. A detailed description of the services provided by the Communications Authority related to the blocking and unblocking of social media accounts, websites, and electronic applications is contained in this agreement, as well as the responsibilities of all parties involved.