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Kuwait Suspends Exchange Firms Failing to Meet Central Bank Rules

Kuwait Suspends Exchange Firms Failing to Meet Central Bank Rules

publish time

22/03/2025

publish time

22/03/2025

Kuwait Suspends Exchange Firms Failing to Meet Central Bank Rules
Kuwait tightens oversight on recurring money transfers, requiring justification for all transactions

KUWAIT CITY, March 22: The Ministry of Commerce has announced the suspension of exchange offices that failed to meet the deadline for regularizing their status under the Central Bank of Kuwait's requirements by March 31.

The ministry emphasized that, in line with Cabinet decisions and the transfer of regulatory oversight of exchange offices to the Central Bank of Kuwait, all exchange license holders are required to comply with the Central Bank's regulations by March 31, 2025. Any entity that does not adhere to this deadline will face operational suspension.