Anti-Money Laundering and Counter-Terrorism Financing Guide

Release Date:	1441-03-20
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	18318/486
Validity:	Valid
Summary:	By AI The guide issued by the Anti-Money Laundering and Counter-Terrorism Financing Department at the Saudi Arabian Monetary Authority, issued in November 2019, addresses the legal framework and necessary procedures for combating money laundering and terrorism financing. The guide includes definitions of the crime, governance responsibilities, risk assessment, and internal policies and procedures to mitigate risks, in addition to due diligence measures, record-keeping, transaction monitoring, and repo...

Release Date:

1441-03-20

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

18318/486

Validity:

Valid

Summary:

By AI

The guide issued by the Anti-Money Laundering and Counter-Terrorism Financing Department at the Saudi Arabian Monetary Authority, issued in November 2019, addresses the legal framework and necessary procedures for combating money laundering and terrorism financing. The guide includes definitions of the crime, governance responsibilities, risk assessment, and internal policies and procedures to mitigate risks, in addition to due diligence measures, record-keeping, transaction monitoring, and repo...