The following terms and phrases - wherever mentioned in this Law - shall have the meanings assigned thereto unless the context requires otherwise:
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| 1. | Law: Combating Terrorism Crimes and their Financing Law
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| 2. | Regulation: Implementing Regulation of the Law
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| 3. | Terrorist Crime: Any act committed, individually or collectively, directly or indirectly, by a perpetrator, with the intention to disturb public order, destabilize national security or state stability, endanger national unity, suspend the Basic Law of Governance or some of its articles, undermine state reputation or status, cause damage to state facilities or natural resources, attempt to coerce any of its authorities into a particular action or inaction or threaten to carry out acts that would lead to of the aforementioned objectives or instigate such acts; or any act intended to cause death or serious bodily injury to a civilian, or any other person, when the purpose of such act, by its nature or context, is to intimidate a population, or to compel a Government or an international organization to do or to abstain from doing any act; or
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| | Any act which constitutes an offense as set forth in any of the international conventions or protocols related to terrorism or its’ financing or listed in the Annex to the International Convention for the Suppression of the Financing of Terrorism that the Kingdom of Saudi Arabia has ratified.
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| 4. | Terrorism Financing Crime: The financing of terrorist act or terrorist entity or a terrorist in any forms as set forth under this Law, including financing the travel and training of a terrorist individual.
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| 5. | Terrorist: Any natural person, whether located inside or outside the Kingdom of Saudi Arabia, who Commits or attempts to commit or participate or organizes or contribute to any crimes as set under this law, by using any means directly or indirectly.
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| 6. | Terrorist Entity: Any group of persons, whether located inside or outside the Kingdom of Saudi Arabia that commits any of the acts set forth under this Law.
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| 7. | Competent Court: The Specialized Penal Court.
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| 8. | Funds: Assets, economic resources or properties of any value or type, however acquired, whether material or immaterial, movable or immovable, tangible or intangible, along with documents, deeds, transfers, letter of credits and instruments of any form, whether inside or outside the Kingdom. This include electronic or digital systems and bank credits that evidence ownership or interest therein, also all types of commercial papers , securities, or any interest, profit or other income generated from such funds.
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| 9. | Proceeds of Crime: the funds directly or indirectly obtained or acquired from or through the commission of a predicate offense, whether inside the Kingdom or outside, including any funds transferred or converted wholly or partially into other type of funds
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| 10. | Instrumentalities: Anything prepared, used, or intended to use, in any form to commit a crime of crimes stipulated in the law.
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| 11. | Provisional Seizure: Temporary ban on the transport, transfer, exchange, conversion, disposal, or movement of funds, and temporary possession, pursuant to an order issued by a competent court or authority.
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| 12. | Confiscation: Permanent expropriation and deprivation of funds, Proceeds of crime, or instrumentalities pursuant to an order issued by a competent court.
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| 13. | Utilities and Public or Private Property: Real estate, property and movables owned by the state or public corporate persons or dedicated to serve public interest including existing installations owned or constructed by the state, activities offered for realizing public interest, including real estate property and movables owned by individuals, private corporate persons, or diplomatic bodies and international and humanitarian organizations operating in the Kingdom.
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| 14. | Financial Institutions: Any conduct as a business one or more of the financial activities or operations specified in the Implementing Regulation of this Law for or on behalf of a customer.
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| 15. | Designated Non-Financial Businesses or Profession: Any conducted of any commercial or professional activities as specified in the Implementing Regulation.
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| 16. | Non-profit Organizations: Any non-profit organization entity that – legally authorized, to collects, receives or disburses funds for charitable, religious, cultural, educational, social or cooperative purposes or for any other purposes.
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| 17. | Customer: Any person who conduct or intend to conduct any activities as stipulated in the Implementing Regulation with the FIs, DNFBPs.
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| 18. | Business relationship: Any relationship with a continuing nature, which is established between any of FIs and DNFBPs and its clients related to the activities or services the FIs and DNFBPs provide to them.
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| 19. | Wire Transfer: A financial transaction carried out on behalf of an originator through a financial institution with the view to making an amount of funds available to a beneficiary at another financial institution, irrespective of whether the originator and the beneficiary are the same person. .
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| 20. | Beneficial owner: Any natural person who ultimately owns or exercises direct or indirect control over a customer or on whose behalf a transaction is being conducted, including on the FIs or DNFBPs or NPOs or any other legal person.
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| 21. | Competent Authority: Any administrative authority, law enforcement authority, control authority or supervisory authority with competences in the areas of combating terrorism and its financing, induction, search, attachment, freezing., arrest, investigation, public prosecution, trial, as per the context, in accordance with this Law.
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| 22. | Supervisory Authority: The authority with responsibility to verify compliance by FIs, DNFBPs, and NPOs with the requirements under this Law, its Implementing Regulation or any relevant Ministerial decision or instructions
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