The Kuwaiti Financial Intelligence Unit acts as the entity responsible for receiving, requesting, analyzing, and referring information related to what is suspected to be proceeds of crime, or funds connected to or related to crime, or that could be used to carry out money laundering or terrorist financing operations.

The Kuwaiti Financial Intelligence Unit receives reports of suspicious financial transactions from the following entities: Financial Institutions: - Banks - Exchange Companies - Finance Companies - Agents and Brokers - Exchange Institutions - Investment Companies - Securities Trading Companies - Financial Brokerage Firms - Asset Managers, Mutual Funds, and Custodians - Insurance Companies Designated Non-Financial Businesses and Professions: - Real Estate Brokers - Gold, Gemstone, and Precious Metals Dealers - Independent Lawyers and Independent Accountants

Financial institutions and designated non-financial businesses and professions are obligated to notify the Kuwaiti Financial Intelligence Unit of any financial transaction or any attempt to conduct a transaction, regardless of its value, if they suspect or have sufficient evidence to suspect that such transactions are being conducted with funds obtained from a crime, or funds related to or associated with a crime, or that could be used to carry out money laundering or terrorist financing operations.

Committing a series of criminal acts that result in illicit funds, and then concealing the source of these funds by transferring or moving them without attracting attention. These funds may be obtained from arms trafficking, smuggling, drug trafficking, embezzlement, bribery, electronic fraud, and other crimes.

It is providing terrorists with funds, assets, and weapons, training them, and enabling them to travel to obtain the necessary residency and visas to plan and carry out terrorist acts and establish terrorist organizations.