Article 20 of Anti-Money Laundering Law

Every person entering or leaving the State of Kuwait who possesses currency or bearer negotiable financial instruments, or arranges for their transport into or out of the State of Kuwait through a person, postal service, shipping service or any other means, must disclose to the General Administration of Customs, upon request, the value of that currency or those bearer negotiable financial instruments. The Unit may access this information whenever it so requests. The General Administration of Customs may request information from carriers concerning the origin of this currency or these bearer negotiable financial instruments and the purposes of their use. It may also seize some or all of the amount of currency or bearer negotiable financial instruments in either of the following cases: 1 - If there are sufficient grounds to suspect that they are proceeds of a crime, or are funds or instruments related or connected thereto, or will be used to carry out money laundering or terrorist financing operations. 2 - In the event of refusal to disclose or provide information upon request, or if the disclosure or information is false. A decision of the Minister of Finance shall be issued setting out the rules and procedures relating to the implementation of this Article. Part Three General Provisions