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Updating the Lists of High- Risk Countries on the Website of the AMLPC

No: 146250000041 Date(g): 14/11/2018 | Date(h): 6/3/1440 Status: In-Force

Translated Document

In reference to paragraph (1) of Article Eleven of the Anti-Money Laundering Law issued by Royal Decree No. (M/20) dated 05/02/1439 H, which states: "Financial institutions and designated non-financial businesses and professions shall apply enhanced due diligence measures proportionate to the risks involving business relationships and transactions with a person from a country that was identified as high risk by the FI or DNFBP or the Anti-Money Laundering Permanent Committee."

We would like to inform you that the Permanent Committee for Anti-Money Laundering continuously updates its lists of high-risk countries on its website. SAMA emphasizes the necessity of taking appropriate measures to monitor the committee's website regarding the countries identified as high-risk, in order to enhance the measures taken by you to identify the risks of high-risk countries.

We hope you review this and take the necessary actions.