Alqanoni

Anti-Money Laundering Law

Art. 17
Status unknownSaudi ArabiaRegulation

Issued by Insurance Authority (ia.gov.sa)

The General Directorate of Financial intelligence shall be under the oversight of the President of the State Security, and shall enjoy adequate operational independence. It shall act as a national central agency to receive suspicious transaction reports, or other information or reports relating to money laundering, predicate offenses or proceeds of crime as provided for by this Law and its Implementing Regulations, to analyze such reports and information, and to disseminate the results of its analysis to competent authorities, either spontaneously or upon request. The President of the State Security shall determine the organizational structure of the Directorate and the Implementing Regulations shall identify its governance, mandate and its methods of operation.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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