Kuwait penalizes two insurers, to conduct insurance sector's review

Kuwait's Ministry of Commerce and Industry has issued directives to conduct a review of the insurance sector after the ministry transferred two insurers' assets to the Financial Investigation Unit over money laundering concerns, Menafn reported citing sources. Khalid Al-Roudhan, the country's commerce and industry minister, said that the review would include developing new regulations to strengthen solvency among other measures.

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