215 convicted of money laundering in one year

Updated 22 August 2017
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215 convicted of money laundering in one year

JEDDAH: Between 2015-2016, 66 Saudis and 149 residents were convicted of money laundering.
The number convicted included 15 Saudis and 28 residents in Riyadh; 18 Saudis and 41 residents in Makkah; two Saudis and seven residents in Madinah; three residents in Al-Qasim; 25 Saudis and 66 residents in Al Sharkiya; and five Saudis and four residents in Asir.
Lawyer Ahmed Al-Shehri said that money laundering is one of the most common criminal operations in the world, which is why all countries fight against these crimes.
Money laundering practices differ; therefore, educating employees working in the fields of finance, real estate and money exchange is a must. Banks are implementing training programs for their employees to learn to detect money laundering operations and methods of dealing with them, he indicated.
Al-Watan was informed by a knowledgeable source that in the Kingdom, private financial institutions and other commercial companies specialized in real estate and exchange deals are conducting training sessions for their employees to master methods of detecting money laundering. This initiative was taken to prevent the companies and institutions from becoming involved in such operations.


Houthi missile fired towards Jazan intercepted by Saudi air defenses

Updated 24 May 2018
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Houthi missile fired towards Jazan intercepted by Saudi air defenses

  • The missile was fired towards the Saudi Arabian province of Jazan in the early hours of Thursday
  • It was launched from the Houthi strong-hold in the Yemeni province of Saada

DUBAI: Saudi air defenses intercepted a ballistic missile fired by the Houthi militia towards the border province of Jazan in the early hours of Thursday morning, Al Ekhbariya TV reported.

The ballistic missile was launched from the Houthi strong-hold province of Saada.

The missile was spotted at 1:58am on Thursday and was headed towards Jazan city, targeting civilian and populated areas.

The Saudi Royal Air Force (RAFF) was able to intercept the missile and destroy it.

The Iranian-backed Houthis have fired a number of missiles over the border at Saudi cities, including the capital, Riyadh, in breach of international laws banning the targeting of civilian areas.

And on Wednesday UAE coalition forces intercepted two boats in the Red Sea being used by the Houthis to target a tanker.