SAMA governor: Saudi government keen on combating money laundering

Ahmed Al-Kholifey. (REUTERS)
Updated 26 October 2017

SAMA governor: Saudi government keen on combating money laundering

RIYADH: Ahmed Abdulkarim Alkholifey, governor of the Saudi Arabian Monetary Agency (SAMA) and chairman of the Anti-Money Laundering Permanent Committee (AMLPC), welcomed the Cabinet’s approval of the new anti-money laundering law on Wednesday.
“The new law meets the requirements of the current stage and aims to make anti-money laundering regulations, legislation and procedures more efficient,” he said.
He stressed that the government is keen on combating money laundering in order to protect public interests and ensure that the regulatory environment in Saudi Arabia follows international standards, especially when it comes to combating such activities.
“Saudi Arabia is among the first countries to fight money laundering,” he said. “The Kingdom has called on the international community to combat such crimes, which result in damage and many negative consequences, resulting in negative impact on a country’s security and the global economy.”
“The Kingdom has taken measures in the part years to significantly diminish these crimes,” he added.
According to an earlier report published in Arab News in August, 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.


Saudi Arabia to launch app for Umrah pilgrims

Updated 21 September 2020

Saudi Arabia to launch app for Umrah pilgrims

RIYADH: Saudi Arabia is launching an online application that allows citizens, residents, and visitors to apply for Umrah pilgrimage.
The Ministry of Hajj and Umrah said the move is part of digitalization efforts undertaken by the Kingdom. 
The ministry also released details on how it plans to gradually allow pilgrims to apply and reserve a specific time and date for Umrah in a bid to avoid overcrowding. 
The national project aims to save time and reduce costs and burdens on government agencies.
The online process will provide information to complete government procedures, in addition to raising security levels and preserving government documents.
The step comes within measures taken by the ministry to keep pace with the digital transformation under the Kingdom's Vision 2030 reform program.
It said a total of 54 government agencies are set to benefit from the system.