KUWAIT: The Ministry of Commerce and Industry in Kuwait has implemented a ban on cash transactions for companies operating in the gold, precious stones, and precious metals sectors. According to Ministerial Resolution No. 182 of 2025, all companies must now complete transactions using non-cash methods approved by the Central Bank of Kuwait.
The new measure aims to enhance transparency, prevent money laundering, and ensure compliance with financial oversight standards. The resolution mandates that payments be made digitally or through other approved non-cash channels. The ministry emphasized that failure to comply with these rules would lead to the closure of offending businesses and their referral to investigative authorities.
This move is part of Kuwait’s ongoing efforts to promote financial integrity and combat illicit financial activities. Any institution caught violating these provisions will face immediate penalties, including potential shutdowns and legal actions. The enforcement of these regulations comes in addition to any other penalties stipulated under the country’s existing laws.
In a separate development, the Public Authority for Manpower (PAM) of Kuwait has introduced new guidelines for employers. Starting November 1, 2025, employers are required to submit detailed information on daily working hours, rest periods, and official holidays through the Ashal system. This data must be updated promptly whenever changes occur.
Failure to comply with the new work schedule regulations may result in legal actions, including the suspension of an employer’s file. Employers are also instructed to display the approved schedule in the workplace for employees to see. These efforts reflect Kuwait’s focus on improving labor practices and maintaining workplace transparency.
