Anti-Money Laundering Law
Art. 11Status unknownSaudi ArabiaRegulation
Issued by Insurance Authority (ia.gov.sa)
1- FIs and DNFBPs 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.
2- FIs and DNFBPs shall apply the countermeasures prescribed by the Anti-Money
Laundering Permanent Committee with respect to high risk countries.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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