Anti-Money Laundering Law

Penalties stipulated in Article 26 may be reduced as per the legal decided circumstances to be imprisonment for a period up to seven years and no less than one year, as well as a fine not exceeding three million riyals or both. if the perpetrator of the offense provides competent authorities with information they would not have otherwise obtained so as to assist them in: a. preventing the commission of another money laundering offense or limiting the effects of the offense; b. identifying or prosecuting other perpetrators of the offense; c. obtaining evidence; d. depriving a criminal organization of funds over which the defendant has no right or control.