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Kuwait tightens financial oversight for charitable and cooperative societies with new amendments

Kuwait tightens financial oversight for charitable and cooperative societies with new amendments

Arab Times7 days ago

KUWAIT CITY, May 26: Minister of Social Affairs, Family and Childhood Affairs Dr. Amthal Al-Huwailah announced on Sunday the issuance of new amendments to Law No. 2 of 2016, which governs the establishment of the Public Authority for Combating Corruption (Nazaha). The amendments focus on financial disclosure requirements aimed at strengthening transparency, integrity, and accountability in civil, charitable, and cooperative work.
In a statement to Kuwait News Agency (KUNA), Dr. Al-Huwailah said the Ministry of Social Affairs proposed the amendments to include additional categories required to submit financial disclosure statements to Nazaha. These newly added categories include financial and administrative controllers, members of the boards of directors of charitable and civil societies, as well as their executive directors. These categories are now included alongside the existing requirement for members of cooperative society boards.
'The goal of these changes is to enhance oversight and achieve the highest standards of transparency across the various sectors supervised by the ministry,' she said.
Dr. Al-Huwailah emphasized the importance of all individuals covered by the amendments submitting their financial disclosures on time. She reiterated the ministry's commitment to reinforcing governance principles, upholding integrity, and ensuring sound management and accountability of public funds in charitable, civil, and cooperative activities.
The amendments were formalized in Decree-Law No. 69 of 2025, which modifies some provisions of Law No. 2 of 2016 concerning the Public Authority for Combating Corruption and financial asset disclosure. The decree was published in the Official Gazette (Kuwait Today), issue No. 1740, on Sunday, Dhu al-Qi'dah 27, 1446 AH, corresponding to May 25, 2025.

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