Regulatory Bodies:
Regulatory bodies in Kuwait
1.Ministry of Commerce and Industry (MOCI)
2.Kuwait Capital Markets Authority (CMA)
3.Central Bank of Kuwait (CBK)
4. Accounting and Auditing Association (AAA)
Failing to comply and abide with those laws and regulations will consequently expose business entities to administrative and/or financial penalties. In case of repeated violations, business activity will be subject to suspension and its licenses will be withdrawn or cancelled.
Regulatory Compliance Companies operating in the State of Kuwait are subject to the supervision of the regulatory authorities to ensure that best practices and governance are applied. This, in turn, 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.
Regulators issue, from time to time, mandatory laws, regulations, resolutions, or guidelines to be followed by companies subject to their supervision. Non-compliance with the guidelines issued by the regulatory authorities exposes companies to financial or administrative penalties, including but not limited to.