JEDDAH, 22 March 2004 — The Ministry of Commerce and Industry has set up an independent unit to combat money laundering, the Saudi Press Agency said. The unit is linked with the Department for Combating Commercial Fraud. “The department will work in line with the guidelines for combating money laundering prepared by the ministry in cooperation with the Saudi Arabian Monetary Agency,” it added. The unit will monitor anti-money laundering measures in all companies. It will also advise ministry officials on how to combat money-laundering and follow up developments in the field at national and international levels.