REGULATORY COMPLIANCE

Companies operating in the State of Kuwait are subject to the supervision of regulatory authorities to ensure that best practices and governance are applied. This is an integral component of organizational success and protects shareholders’ equity and the state economy against any financial or non-financial risks such as reputation risk.

REGULATORY BODIES IN KUWAIT

• Ministry of Commerce and Industry (MOCI)
• Kuwait Capital Markets Authority (CMA)
• Central Bank of Kuwait (CBK)
• Accounting and Auditing Association (AAA)

Failing to comply with the laws and regulations set by these bodies may expose business entities to administrative and/or financial penalties. In case of repeated violations, business activity may be subject to suspension, and licenses may be withdrawn or canceled.

Regulatory authorities issue mandatory laws, regulations, resolutions, or guidelines that companies under their supervision must follow. Non-compliance with these guidelines exposes companies to financial or administrative penalties.

Alwaha Auditing Office assists businesses in staying compliant with Kuwait’s regulatory requirements, including those from MOCI, CMA, and others, ensuring that best practices and governance are applied effectively.