CMA LAW: Announcement Regarding Issuance of the CMA Board of Commissioners Resolution and imposition of fines against: Middle East Financial Brokerage Company (K.S.C.C.) for its procedural violation of the Provisions of Module Sixteen (Anti- Money Laundering and Combating Financing of Terrorism) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments

The CMA Board of Commissioners decided in its meeting No. (21/2025) held on 16/07/2025 to impose fines on Middle East Financial Brokerage Company (K.S.C.C.)  for its procedural violation of the provisions of Module Sixteen (Anti- Money Laundering and Combating Financing of Terrorism) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments.

The aforementioned Resolution included the imposition of the following fines:

First: Imposition of a fine amounting to KWD 2,700 for violating the provision of Article (3-19) of the aforementioned Module.

Second: Imposition of  a fine amounting to KWD 5,400 for violating the provision of Article (6-1) of the same Module.

In this regard, the CMA emphasizes the implementation of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments on all persons dealing in securities activities, and urges them to comply with them in order to promote investors' confidence, create a sound investment environment, and implement the Law and its Executive Bylaws according to the principles of fairness, transparency, and integrity in line with the best international practice in securities activities.