Anti-Money Laundering Law
Art. 7Status unknownSaudi ArabiaRegulation
Issued by Insurance Authority (ia.gov.sa)
FIs and DNFBPs shall:
1- Apply due diligence measures to their customers and the Implementing Regulation shall
set forth the instances in which such measures shall be taken and the types of measures to
be taken.
2- Determine the extent of due diligence measures based on the risks relation to a customer
or business relationship. Where a higher risk of money laundering was identified, they shall
apply enhanced due diligence measures.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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