Based on the supervisory and regulatory role of the Central Bank, and its commitment to protecting the financial sector and its reputation from misuse in money laundering or terrorism financing operations, and based on the powers granted to the Central Bank under Article 24 of the Anti-Money Laundering Law issued by Royal Decree No. (M/20) dated 5/2/1439 H, and Article 82 of the Anti-Terrorism and Financing Law issued by Royal Decree No. (M/21) dated 12/2/1439 H.

Referring to the Anti-Money Laundering and Terrorism Financing Rules for banks, exchange offices, and branches of foreign banks (third update) issued under Circular No. 18147/M.A.T/9201 dated 4/4/1433 H, the Anti-Money Laundering and Terrorism Financing Rules for financing companies (first update) issued under Circular No. 18516/M.A.T/9253 dated 6/4/1433 H, and the Anti-Money Laundering and Terrorism Financing Rules for insurance and reinsurance companies and liberal professions (first update) issued under Circular No. T.A.M 22/201202 dated 7/4/1433 H.

The attached Anti-Money Laundering and Terrorism Financing Guide includes the minimum requirements of the Anti-Money Laundering Law and the Anti-Terrorism and Financing Law that financial institutions must adhere to, replacing the aforementioned rules. Financial institutions must present the guide to their board of directors and define responsibilities for the board, senior management, and employees regarding the guide, as well as raise awareness among their staff about their obligations as outlined in the guide.