Kuwait banks have begun updating their systems to integrate biometric fingerprint technology. This update is in preparation for implementing restrictions on accounts belonging to Kuwaiti citizens who do not complete the fingerprinting process by the deadline.

This action is in line with the Ministry of Interior’s deadline of September 30, by which citizens must provide their biometric fingerprints. Failure to meet this deadline will lead to a suspension of all transactions related to the Ministry of Interior.

The Central Bank of Kuwait has directed banks to follow the new fingerprinting regulations. Accounts of citizens who do not comply will face restrictions in four phases:

1. Sending Alert Messages: Banks will start by notifying affected customers to complete the biometric process within the given timeframe. This step is expected to begin this week.

2. Blocking Online Transactions: From September 30, electronic services for non-compliant customers will be suspended. This includes access to account balances, account statements, and funds transfers, effectively blocking online transactions.

3. Suspending Bank Cards: By October 31, bank cards of customers who haven’t completed the fingerprinting process will be deactivated.

4. Freezing Bank Accounts: Starting December 1, all accounts of Kuwaiti citizens who have not complied with the fingerprinting requirement will be frozen, along with their bank balances.

The restrictions will extend beyond bank balances. They are expected to affect all financial accounts, including shares, funds, portfolios, and other assets managed by both private and government entities. Proceeds from the sale of shares, real estate, or other commercial transactions will be deposited into these frozen accounts.

Furthermore, installment payments due from customers with frozen accounts will likely continue to be deducted to settle debts with creditors, including financial institutions and government agencies.