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 government agencies discuss Hajj 2020 plan

Updated 19 February 2020

Saudi government agencies discuss Hajj 2020 plan

  • Several security entities involved in the Hajj system attended the meeting, where they discussed the 2019 Hajj season and addressed its biggest challenges
  • The team reviewed the pilgrims grouping system and modern techniques to expand communication and cooperation with the relevant authorities

MAKKAH: The Ministry of Hajj and Umrah hosted on Tuesday the first meeting of a joint work team in charge of supervising the pilgrims grouping system.
Several security entities involved in the Hajj system attended the meeting, where they discussed the 2019 Hajj season and addressed its biggest challenges.
The meeting, which was chaired by the undersecretary of the Ministry of Hajj and Umrah for Hajj affairs, Hussein bin Nasser Al-Sharif, stressed the importance of joint efforts to serve and facilitate the pilgrims’ journey and to live up to the leadership’s aspirations.
The team reviewed the pilgrims grouping system and modern techniques to expand communication and cooperation with the relevant authorities.
It also considered the development of interactive platforms to exchange ideas for making the Hajj plans a success.
The first joint work team meeting was attended by the Ministry of Interior, the Civil Defense, the General Directorate of Traffic, the Emirate Of Makkah Province, the Makkah Region Development Authority, the Royal Commission for Makkah City and Holy Sites and the Makkah Municipality.