Regulatory Alerts2018-07-26
Central Bank of Kuwait Guidebook on Exchange Company Supervision
The Central Bank of Kuwait issued this comprehensive guidebook to establish a unified supervisory and oversight framework for exchange companies operating under Law No. 32 of 1968 and relevant ministerial resolutions. The document consolidates existing guidelines into six chapters detailing company establishment, registration procedures, operational oversight, anti-money laundering compliance, mandatory data reporting, and external auditor obligations. It ensures regulatory accessibility and continuous implementation by incorporating future instructions, thereby guaranteeing thorough compliance across all exchange business activities.
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