Law No. 106 of 2013 on Combating Money Laundering and Terrorism Financing criminalizes money laundering and terrorism financing activities. Money laundering offenses are closely linked to financial and commercial activities conducted by individuals or companies.

The practical application of the Anti-Money Laundering Law in the State of Kuwait faces several challenges and risks, making legal advice consistently essential. The law also imposes numerous obligations on financial institutions and specified non-financial businesses and professions, including risk assessment and provisions regarding the ultimate beneficial owner—requirements that were not included in the previous Anti-Money Laundering Law No. 35 of 2002.