Saudi justice ministry holds training program against terrorism funding, money laundering

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Saudi Arabia’s Ministry of Justice concluded a training program aimed at combating terrorism funding and money laundering. (SPA)
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Saudi Arabia’s Ministry of Justice concluded a training program aimed at combating terrorism funding and money laundering. (SPA)
Updated 06 October 2018

Saudi justice ministry holds training program against terrorism funding, money laundering

JEDDAH: Saudi Arabia’s Ministry of Justice concluded a training program aimed at combating terrorism funding and money laundering.
More than 300 judges from Saudi criminal courts took part in the program, which was held at the Judicial Training Center and aimed to support participants’ executive judicial skills.
The program also highlighted the legal development of money laundering and terrorism financing crimes, their domains and knowing the indicators for money laundering.
A recent report by the Financial Action Task Force (FATF) commended the Kingdom for making drastic changes to the way it combats money laundering, terrorism funding and arms proliferation.
The Kingdom has proven its understanding of the risks it faces by its measures to address them, the report said.
Saudi Arabia has a strong legal framework to implement targeted financial sanctions imposed by the UN on terrorists without delay, the report added.
Last year, Saudi Arabia introduced the new Anti-Money Laundering Law. Under the new law, the penalty for money laundering will be between three and 15 years imprisonment or a fine of up to SR7 million ($1.87 million). AN Jeddah
A money laundering crime, according to the new law, includes conducting any transaction involving property or proceeds with the knowledge that they are the result of criminal activity or originate from an illegitimate source in order to disguise, protect or help that source or any other person involved in the original crime through which the property or proceeds were obtained.


Preventive protocols issued as Saudi Arabia moves to relax curfew further

Updated 30 May 2020

Preventive protocols issued as Saudi Arabia moves to relax curfew further

RIYADH: As Saudi Arabia moved closer to Phase 2 of the gradual relaxation of coronavirus lockdown rules, the Ministry of Interior announced precautionary measures and preventive protocols for several sectors to follow.

The preventive protocols, prepared by the Ministry of Health,  covers the period from 8 Shawwal to 28 Shawwal 1441 in the Hijri calendar, corresponding to May 31 to June 20, 2020 in the Gregorian calendar.

A ministry official said the protocols are provided for mosques;  the public; petroleum, petrochemical and gas and other industries; malls and retail centers, home delivery service, among others.

The preventive protocols can be found at: https://covid19awareness.sa/archives/5460.

The MOI urged all citizens, expatriates and concerned authorities "to implement these procedures and abide by their provisions in order to preserve the safety of all".

Also on Saturday, the acting minister of economy and planning, Mohammad bin Abdullah Al-Jadaan, said the gradual lifting of the curfew "represents a new stage in the face of the global pandemic crisis and towards a gradual return to economic activities in the Kingdom to its normal levels."
 
"The decisions were taken after continuous coordination between the Ministry of Health and the concerned authorities, relying on a focused plan that seeks to balance between procedures for reopening economic activities and maintaining the stability of health and social conditions," said Jadaan, who is also the Kingdom's minister of finance.

Al-Jadaan highlighted that the government has increased – during the last period through the state’s general budget – spending on urgent and necessary requirements to face the crisis.

It has significantly strengthened the financial allocations for the Health and related services sector.

The government also launched urgent support initiatives to mitigate the impact on the private sector, supporting the economy and to preserve the jobs of citizens in economic establishments, he said in a statement carried by the SPA.