Kuwait's Ministry of Commerce, and Industry has just announced a significant change in the way vehicle sales are conducted. From now on, all sales must go through banking channels, eliminating cash transactions entirely. This directive, issued by Minister of Trade and Industry Khalifa Abdullah Ajeel, aims to combat money laundering crimes and financial irregularities.
According to Al Jarida newspaper, the ministry emphasized that banning cash transactions will significantly help close gaps related to money laundering. This decision is part of ongoing efforts to intensify the fight against financial crimes.
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