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 |
Effective from 2018-11-14 - Nov 13 2018
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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 must apply enhanced due diligence measures proportionate to the risks that may arise from business relationships and transactions with persons from countries designated by them or by the Permanent Committee for Anti-Money Laundering as high-risk countries."
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 it designates as high-risk, thereby enhancing the actions taken by you to identify the risks of high-risk countries.
We hope you review this and take the necessary actions.