The Ministry of Industry, Commerce and Tourism (MoICT) recently referred a shop to the Public Prosecution for selling jewellery without obtaining a copy of the buyer's identity and failure to apply the Customer Due Diligence (CDD).

The Ministry also confirmed imposing administrative penalties against another shop, which sold jewellery worth more than BD3,000 in cash.

The owners of both Commercial  Registrations (CR) have been added to the reserved list for their violation of the requirements of order No. (173) of 2017 as amended by the Ministerial Order (108) of 2018 concerning the obligations related to the procedures of the Prohibition of and Combating Money Laundering and Terrorism Finance.

Adenoidally, the Ministry said a number of compliance officials in the jewellery and auditing sectors, after it was proven that they have breached the obligations imposed on them in relation to combating money laundering and terrorist financing.

The Ministry added that it is sparing no effort in taking any legal measures everything that may affect the national system for combating money laundering and terrorist financing. ​