Anti Concealment Law

1. Without prejudice to any penalty stipulated in any other law, a person committing any of the offenses provided for in Article 4 of this Law shall be punished by either of the following penalties, or by both: a) A fine not exceeding five-hundred thousand riyals. b) Closure of the entity for a period not exceeding 90 days. 2. The committee referred to in Article 5(4) of this Law may require the violator to provide the Ministry with any of the entity’s documents and information which cover a period not exceeding five years: a) financial statements; b) bank account statements; or c) payrolls. The committee may impose the penalties stipulated in paragraph (1) of this Article on any entity which fails to provide said information or documents. 3. In determining the penalty, the committee shall take into consideration the extent and revenues of the economic activity subject of the violation, the period of practicing said activity, the severity, frequency, and impact of the violation. 4. If the committee finds that the violation under review involves a crime, it shall refer the part relating to the crime to the competent authority and shall continue to review the violation, unless its review of the violation cannot be continued until a decision relating to the crime is issued by the competent authority. 5. A person against whom a penalty decision is issued may appeal the same before the administrative court within 60 days from the date he is notified of the decision in the manner specified by the Regulations.