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Pharmacies not to receive cash if bills exceeds KD 10

Shopping Kuwait City 08 Mar 23
Pharmacies not to receive cash if bills exceeds KD 10
Kuwait: Pharmacies told not to receive cash if bills exceeds KD10.
Fee
Event Location
Kuwait, Kuwait
Area
Kuwait City
Start Time
08 March 2023, 12:00 AM
End Time
31 March 2023, 12:00 AM
Website

The Minister of Trade and Industry, Mazen Al-Nahedh, has issued a new ministerial decision aimed at preventing money laundering activities. Under the decision, private pharmacies and other entities within the drug control sector are required to restrict the use of “Knet” as a means of payment to amounts exceeding 10 dinars.

The decision pointed out that the cash payment will be limited to amounts less than ten dinars when making any sale.

In the event of a breach of the provisions of this decision, the supervisory authority may impose one or more of the measures and penalties stipulated in the relevant laws and decisions.

Kuwait pharmacy cash payment



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