KSA’s bid for permanent membership in global anti-terror finance task force discussed

Ahmed Abdulkarim Alkholifey, chairman of the Saudi Arabian Monetary Agency (SAMA), attended the Financial Action Task Force meeting in Paris. (SPA)
Updated 30 June 2018

KSA’s bid for permanent membership in global anti-terror finance task force discussed

  • Saudi Arabia has met international standards and requirements on becoming a permanent FATF member and is committed to international and bilateral conventions.
  • The Kingdom was invited in 2015 to become a member of FATF in recognition of the Kingdom’s international and regional status and in appreciation of its efforts.

JEDDAH: The Financial Action Task Force (FATF) has discussed Saudi Arabia’s mutual evaluation report on anti-money laundering and combating the financing of terrorism and weapons proliferation during its joint meeting with the Middle East and North Africa Financial Action Task Force (MENAFATF), which concluded in Paris recently.

The report was prepared by international experts from both FATF and MENAFATF.

According to a FATF statement, the report is based on the FATF mutual evaluation process and includes the main findings, recommendations and advised measures on the above issues, as well as the Kingdom’s compliance with the technical standards of FATF’s recommendations.

FATF is expected to release the report in September 2018 based on internal procedures.

The mutual evaluation process is considered one of the most important procedures for obtaining permanent membership in FATF, and proceedings are continuing in this regard.

The governor of the Saudi Arabian Monetary Agency (SAMA) and chairman of the Anti-Money Laundering Standing Committee, Ahmed Abdulkarim Alkholifey, thanked all bodies concerned, including committees in Saudi Arabia, for their cooperation during all stages of the mutual evaluation.

Saudi Arabia was invited in 2015 to become a member of FATF in recognition of the Kingdom’s international and regional status and in appreciation of its efforts.

The Cabinet had approved the commencement of the procedures for joining FATF upon its request.

The Kingdom has met international standards and requirements issued in this regard and is committed to international and bilateral conventions.

Since June 2015, Saudi Arabia has been occupying an observer seat in FATF.

 

 

 


Saudi passport directorate expands e-services through Absher

Saudi passport office said that the services will promote e-transactions and make it easier for people to get in touch with officials. (SPA)
Updated 01 April 2020

Saudi passport directorate expands e-services through Absher

  • Saudi Arabia’s information and communications technology sector makes up 4 percent of the Saudi gross domestic product

RIYADH: The Saudi General Directorate of Passports is offering a “messages and applications” service to people through the Absher online platform.
Beneficiaries can use the service by logging into their account on Absher, choosing the “My Services” option, general services, messages and applications, then clicking on the “General Directorate of Passports” link and selecting the required service from a list including “identification of residents, visas, transfer of information, transfer of information and change of profession, suggestions.” After writing their message, they simply click the “send” button.
The passport office said that the services will promote e-transactions and make it easier for people to get in touch with officials at the directorate to discuss their problems.
The Kingdom’s information and communications technology (ICT) sector makes up 4 percent of the Saudi gross domestic product.
The sector has experienced significant regulatory change, expressed across several public- and private-sector investment drives since the launch of Vision 2030.
Saudi Arabia is also the region’s largest ICT market, ranking 13th globally, with a value of $28.7 billion (SR107 billion) in 2019 and strong growth in both the consumer and enterprise segments.