Under new instructions issued by the Ministry of Trade, store owners, their partners and workers will be required to check the identity of clients and ensure no illegal transactions are conducted through their businesses.
All transactions which exceed 3,000 Kuwaiti dinars ($10,626) must be recorded, and ledgers and inventory books including details of all transactions must be kept for at least 10 years…
The instructions were addressed to owners of investment and insurance companies, agents and brokers, exchange firms, jewellery firms — including those dealing in gold and other precious commodities – as well as other financial and non-financial corporations that are not under the supervision of the Central Bank of Kuwait.
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