In a bid to tackle money laundering concerns, Kuwait is considering new regulations that would ban cash transactions exceeding 1500 KD in specific sectors, including car sales. This initiative aims to enhance financial transparency and curb illicit financial activities.

According to a report by Al-Rai Arabic newspaper, ongoing discussions are taking place between the Ministry of Commerce and the Central Bank of Kuwait. The proposed regulation seeks to mandate that car dealerships and companies process payments over 1,500 KD through electronic payment methods, specifically K-net.

The introduction of this ban is seen as a significant step toward tightening control over money laundering operations. By restricting cash transactions, government agencies will be better equipped to monitor fund movements and verify their origins. This measure will also facilitate cooperation with the Financial Investigation Unit in line with legal regulations.