25/02/2013
New Policies against Financial Crimes
Sourcesrevealed thatSAMA has putnewarticlesin theImplementingRegulationsofthe Law of Supervision onFinance Companiesin Saudi Arabiaregardingcompellingcompanies to putinternal policies and proceduresto combatfinancial crimes, money laundering andfinancing of terrorism,and to inform theFinancial Intelligence Unitfor anysuspectedactivitiesoroperations,emphasizing that itcameafter the discovery of''suspicious operations''in thosecompaniesrecently.
