Periodic Follow-up on Local and International Issues Related to AML / CFT
| No: 361000055379 | Date(g): 3/2/2015 | Date(h): 14/4/1436 |
Translated Document
Referring to the issuance of numerous local and international regulations and instructions related to combating money laundering and financing terrorism, including the most recent ones issued by The Law of Terrorist Crimes and its Financing issued by Royal Decree No. M/16 dated 24/2/1435 H and the updates that occur from time to time regarding the amendment of some laws, regulations, and rules, among others. In addition, the periodic warning statements issued by the Financial Action Task Force (FATF) concerning countries that suffer from weaknesses in their regulatory measures to combat money laundering and terrorism financing.
We would like to emphasize the importance of all relevant parties continuously monitoring related websites, including SAMA's website and to follow up on the regulations and instructions being issued, as well as those published by international and regional organizations, such as the United Nations, the Financial Action Task Force (FATF), and the Middle East and North Africa Financial Action Task Force (MENAFATF), in order to ensure the banking and financial system in the Kingdom complies with the standards and requirements for combating money laundering and terrorism financing.
Therefore, we hope that everyone adheres to what is mentioned above.