The Industry, Commerce and Tourism Ministry has referred a shop to the Public Prosecution for selling jewellery without obtaining a copy of the buyer’s ID card and failing to perform Customer Due Diligence.
The ministry also imposed administrative penalties on another shop for selling jewellery for cash exceeding BD3,000.
The owners violated the regulatory terms and conditions related to combating money laundering and terrorist financing, it said.
Meanwhile, a number of compliance officers in the jewellery and auditing sectors have been expelled for breaching obligations concerning combating money laundering and terrorist financing.
The ministry said it will not spare any effort to take necessary legal measures against violators.
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