MONEY LAUNDERING : INVESTIGATION AGAINST FACTORY IN KUWAIT

  • 24/08/2022

Kuwait City: The government has launched an investigation into money laundering related to the owners of a factory and around 30 branches selling the product, sources revealed. Sources said the factory has been monitored for violating anti-money laundering and terrorist financing directives and is set to submit a report to the Economic Intelligence Unit of the Ministry of Commerce and Industry.


The suspected factory had earlier found a violation of packing a product that did not conform to standard specifications. It was found that this product was being distributed to a large number of shops for sale in the local market. During inspection and auditing of the records of the factory and the offending stores, it was found that their owners are related and some of them are Syrians related to the ownership structure of the factory.

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