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Under the new rules, money launderers may face up to ten years in prison, a fine of up to Dh500, 000 or both. In the case of a business, the penalty is a fine ranging from between Dh300, 000 and Dh1 million. Also, the proceeds of any money-laundering activity will be confiscated. Board members, managers and staff of financial businesses who fail to report any money laundering transaction or terrorist financing carried out in their companies will face a jail term of up to three years, a fine of up to Dh300, 000 or both.
The Egyptian law punishes the person who commits the crime of money laundering in Law No. 80 of 2002 after amending it by imposing fines on violators. Article 15 of the amendment stipulates that the violator shall be punished by imprisonment and a fine not less than LE 100,000 and not exceeding five hundred thousand pounds or one of these penalties
Law No. 4 of 2002 punishes anyone who commits the crime of money laundering by imprisonment for a period not exceeding ten years and a fine of not less than 100,000 dirhams and not exceeding 500 thousand dirhams or one of these two penalties.
As for the Kuwaiti legislator, we refer to article 9 in relation to the crime of money laundering or the transfer or transfer of illegal funds or concealment or concealment of their source or acquisition through the information network or using any means of information technology
Penalty: imprisonment for a period not exceeding (10) years + a fine (20 - 50) thousand dinars or one of them
Whoever commits the offence of money-laundering shall be punishable with rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine which may extend to five lakh rupees: Provided that where the proceeds of crime involved in money-laundering relates to any offence specified under paragraph 2 of Part A of the Schedule, the provisions of this section shall have effect as if for the words "which may extend to seven years", the words "which may extend to ten years" had been substituted.
