ALRAQABA . ISSUE 20 13 The penalties include permanent or temporary exclusion from contracting with government agencies for a minimum of three years and shutting down its offices that were used in committing the acts of crime. Furthermore, the legislator enforced the penalty of liquidating the business of the legal person in question and appointing an official receiver to manage the funds. Mandatory and Complementary Penalty The legislator stipulates publicization as a mandatory and supplementary penalty. That is when a final judgment of conviction is issued, it is to be publicized in the Official Gazette. The legislator also imposed a penalty on private legal persons in the case of submitting false data or when concealing information or documents related to corruption crimes. The penalty in this case shall be a fine of a minimum limit of KD 20,000 and a maximum of KD 100,000. Legislations Scientific Research: • Prof. Dr. Mishari Khalifa Al-Aifan, Dr. Hussain Jumaa Bu Ariki: Corporate Criminal Liability from a Comparative Perspective, Journal of Law - Kuwait University - Issue 4 - December 2022. Laws • Law No. (2) of 2023 amending Law No. (31) of 1970 amending some provisions of the Penal Code issued by Law No. (16) of 1960. • Law No. (7) of 2010 regarding the establishment of the Capital Markets Authority and the regulation of securities activity. • Law No. (106) of 2013 regarding Money Laundering and Financing Terrorism. • Law No. (2) of 2016 regarding the Establishment of the Kuwait Anti-Corruption Authority (Nazaha) and the Provisions on Financial Disclosure.
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