Kuwait city: Kuwait's Public Prosecutor, Saad Al-Safran, has outlined plans to establish a specialized prosecution office dedicated to investigating banking crimes starting in 2026. This initiative aims to address issues such as cyber fraud, bank forgery, and bounced checks, thereby enhancing the protection of the national financial system.
According to Kuwait News Agency, Al-Safran emphasized the necessity of this move due to rapid financial transformations that demand increased confidence in banking transactions. The establishment of this office is expected to introduce significant improvements in crime-fighting mechanisms within the banking sector.
Al-Safran explained that the selection of members for the new banking prosecution office will be based on objective criteria, focusing on professional competence and practical experience. This approach is intended to create an investigative and prosecutorial framework capable of tackling evolving financial crimes effectively.
Furthermore, the new office will be responsible for preparing periodic analytical studies and reports to monitor methods of banking crime and propose practical solutions. These reports will serve as key references for analysis and information within the banking industry.
In addition to its investigative role, the prosecution office plans to implement legal awareness programs targeting institutions and the public. These programs aim to raise awareness of digital crimes and related legal procedures, particularly in light of the rise in electronic fraud.
This decision represents a significant step toward safeguarding Kuwait's national economy, protecting financial transactions, and reinforcing a stable and secure economic environment. The banking crimes prosecution office is set to commence operations in 2026, marking a new phase of decisive and professional action against financial crimes.