Anti-Money Laundering Law

Release Date:	1439-02-05
Release Tool:	Royal Decree
Issuance Instrument Number:	m/20
Validity:	Valid
Date of last amendment:	1447-10-27
Summary:	By AI The Anti-Money Laundering Law in the Kingdom of Saudi Arabia was approved by royal decree and is based on provisions from the Basic Law of Governance, the Council of Ministers Law, and the Shura Council Law. The law includes important definitions and specifies the relevant financial activities, as well as financial institutions and non-financial businesses. The law requires the concerned parties to implement the royal decree and includes concepts such as provisional seizure and confiscation, and...

Release Date:

1439-02-05

Release Tool:

Royal Decree

Issuance Instrument Number:

m/20

Validity:

Valid

Date of last amendment:

1447-10-27

Summary:

By AI

The Anti-Money Laundering Law in the Kingdom of Saudi Arabia was approved by royal decree and is based on provisions from the Basic Law of Governance, the Council of Ministers Law, and the Shura Council Law. The law includes important definitions and specifies the relevant financial activities, as well as financial institutions and non-financial businesses. The law requires the concerned parties to implement the royal decree and includes concepts such as provisional seizure and confiscation, and...