Article 34 of Anti-Money Laundering Law

Anyone who establishes or attempts to establish a shell bank in the State of Kuwait in violation of the first paragraph of Article (8), or enters into a business relationship with that bank in violation of the second paragraph of Article (8), intentionally or through gross negligence, shall be punished by imprisonment for a term of not less than three years and a fine of not less than five thousand dinars and not exceeding five hundred thousand dinars, or by either of these two penalties. If the offender is a legal person, it shall be punished by a fine of not less than five thousand dinars and not exceeding one million dinars.