| Release Date: | 1424-06-25 |
|---|---|
| Release Tool: | Royal Decree |
| Issuance Instrument Number: | m/39 |
| Validity: | Cancelled |
| Summary: | By AI The document includes the Decision of the Council of Ministers of Saudi Arabia approving the Law on Combating Money Laundering, which was prepared based on Royal Decree No. (M/89). The law includes essential definitions and specifies financial and commercial activities related to money laundering, and it punishes the financing of terrorism. It requires financial institutions to verify the identity of clients and retain financial records for ten years, and it obliges them to report suspicious tra... |