Anti-Money Laundering Law
Art. 15Status unknownSaudi ArabiaRegulation
Issued by Insurance Authority (ia.gov.sa)
FIs, DNFBPs, and NPOs including the attorneys and any person providing legal or accounting type
services, that suspects or has reasonable grounds to suspect that funds or parts thereof, regardless
of their amounts, are proceeds of crime or are related to money laundering or that such funds will
be used in acts of money laundering, including attempts to initiate such a transaction, shall Promptly
and directly take the following measures:
1- Report
such
transaction
to
the
General
Directorate
of
Financial
Intelligence;
and provide a detailed report including all available data and information on such transaction
and relevant parties.
2- Promptly and fully respond to requests from the Directorate for additional information.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded