Saudi Arabia makes war on money laundering, terror funding a top priority

Saudi Arabia makes war on money laundering, terror funding a top priority
(Shutterstock image)
Updated 09 April 2019

Saudi Arabia makes war on money laundering, terror funding a top priority

Saudi Arabia makes war on money laundering, terror funding a top priority
  • Workshop on anti-money laundering jointly organized by KSA and IMF

RIYADH: Saudi Arabia attaches great importance to combating financial crime, Adel Al-Qulish, vice chairman of the Anti-Money Laundering Permanent Committee told a workshop organized in cooperation with the International Monetary Fund (IMF) in Riyadh on Sunday.

Money laundering, terrorism funding and arms proliferation were a particular priority, he said.

The Kingdom was building its capacity to develop legislative, institutional and professional measures to fight money laundering, arms proliferation and terrorism funding in accordance with international standards and requirements issued by the Financial Action Task Force (FATF) and best international practices.

Al-Qulish thanked the IMF for its cooperation in organizing the event, and participants from relevant authorities in the Kingdom and members of the committee.

He said that the Kingdom had ensured all authorities were aware of the importance of their role by committing to related systems, standards and instructions, applying policies and procedures and working on promoting a risk-based approach aimed at understanding threats and weaknesses to become more effective in discovering, preventing and monitoring operations and reporting suspicious activities.

Royal approval on adopting the national strategic objectives is a clear message that the Saudi government is developing the policies and working methods of relevant authorities, improving international procedures and creating integrated mechanisms that support and promote coherence among authorities.

Al-Qulish said that the Kingdom had recently witnessed a mutual assessment process — conducted by FATF and the Middle East and North Africa Financial Action Task Force on Combating Money Laundering and the Financing of Terrorism (MENAFATF) experts — of the systems, procedures and efforts deployed in combating money laundering, terrorism funding and arms proliferation.

The Kingdom’s initiative to support and develop a technical assistance fund for the programs combating money laundering and terrorism funding under the umbrella of the IMF was based on its belief in the important role of the IMF. The initiative was an extension of local, regional and international efforts exerted by the Kingdom. It also highlighted the Kingdom’s support of the efforts of the international community in this area.


Saudi Arabia announces 4 more COVID-19 deaths

Saudi Arabia announces 4 more COVID-19 deaths
Updated 04 March 2021

Saudi Arabia announces 4 more COVID-19 deaths

Saudi Arabia announces 4 more COVID-19 deaths
  • The total number of recoveries in the Kingdom has increased to 369,613
  • A total of 6,514 people have succumbed to the virus in the Kingdom so far

LONDON: Saudi Arabia announced four deaths from COVID-19 and 375 new infections on Thursday.
Of the new cases, 162 were recorded in Riyadh, 66 in Makkah, 61 in the Eastern Province, 24 in the Northern Borders region, 14 in Madinah, 11 in Asir, six in Hail, two in Najran and two in Jazan.
The total number of recoveries in the Kingdom increased to 369,613 after 336 more patients recovered from the virus.
A total of 6,514 people have succumbed to the virus in the Kingdom so far.


Arab coalition intercepts Houthi ballistic missile targeting Jazan

Arab coalition intercepts Houthi ballistic missile targeting Jazan
Updated 04 March 2021

Arab coalition intercepts Houthi ballistic missile targeting Jazan

Arab coalition intercepts Houthi ballistic missile targeting Jazan
  • The coalition is taking all precautions to protect civilians as the Houthi militia continue targeting them

Arab coalition intercepts Houthi ballistic missile targetting Saudi Jazan.

(developing)


Saudi aid agency continues projects in Yemen, Jordan

Saudi aid agency continues projects in Yemen, Jordan
Updated 04 March 2021

Saudi aid agency continues projects in Yemen, Jordan

Saudi aid agency continues projects in Yemen, Jordan

AL-MAHRA: The King Salman Humanitarian Aid and Relief Center (KSrelief) launched the second phase of the winter clothes project in Yemen’s Al-Mahrah governorate on Wednesday. The aid, which included winter clothing, has benefited 700 people so far.
Local Council Secretary-General Abdullah Neimer praised the role of Saudi Arabia represented by KSrelief for its efforts and interventions in various sectors.
In Yemen also, KSrelief distributed more than 76,184 tons of foodstuffs for those in need in the rural areas of Hadibu, the capital of the Socotra archipelago province.
Meanwhile in Jordan, KSrelief clinics continued providing medical services in the Zaatari camp for Syrian refugees. More than 400 patients with various conditions were provided with medical services and prescriptions at different clinics.


DiplomaticQuarter: British Embassy in Riyadh announces finalists for Study UK Alumni Awards

DiplomaticQuarter: British Embassy in Riyadh announces finalists for Study UK Alumni Awards
Updated 04 March 2021

DiplomaticQuarter: British Embassy in Riyadh announces finalists for Study UK Alumni Awards

DiplomaticQuarter: British Embassy in Riyadh announces finalists for Study UK Alumni Awards

The British Embassy and British Council in Saudi Arabia have announced the nine finalists for the “Study UK Alumni Awards 2021 in Saudi Arabia.”
The finalists were selected from about 1,300 applicants for their outstanding achievements as business professionals, entrepreneurs and community leaders, and for their contributions to strengthening collaborative ties between the UK and Saudi Arabia, a statement by the embassy said.
The three award winners will be announced at a ceremony hosted by the British ambassador later this year.
The Study UK Alumni Awards were established in 2014 and celebrate the achievements of those who graduated from UK-based higher education institutions and went on to make outstanding contributions in various fields.
Neil Crompton, British ambassador to Saudi Arabia, said: “I am delighted to announce the finalists for the Study UK Alumni Awards 2021. This award celebrates the achievements of outstanding Saudi women and men who studied in the UK and are using their education to make a positive impact. As strategic partners for Vision 2030, we are proud of their achievements and contribution to their country. My congratulations to all our finalists and I look forward to meeting them at the award ceremony.”
Eilidh Kennedy McLean, British Council country director said: “The Study UK Alumni Awards provide a platform for recognizing and celebrating the success of Saudi alumni of UK universities. Their achievements are wide-ranging and inspirational, and directly contribute to the Vision 2030 goals and aspirations. The prestigious international award celebrates UK higher education and the achievements of UK alumni all over the world. Now in its seventh year, international UK alumni applied from over 100 countries, representing almost 150 UK higher education institutions across the UK.”
The finalists of the “Professional Achievement Award,” which recognizes alumni who have distinguished themselves through exemplary leadership in their professional field, are: Dr. Taghred Al-Ghaith, Dr. Roua Al-Subki, and Dr. Mohammed Al-Shammari.
The finalists of the “Social Impact Award,” which acknowledges alumni who have made an exceptional contribution to creating positive social change, are: Mashni Al-Saeed, Abdulmohsen Al-Dayel, and Dr. Bandar Al-Osaimi.
The finalists of the “Entrepreneurial Award,” which highlights alumni who have played a leading role in innovation, are: Dr. Wail Mousa, Arwa Al-Ammari, and Hattan Ahmed.
The Study UK Awards ceremonies are held in 13 countries including the US, China, Pakistan and Egypt.
 


Muslim World League chief thanks Sri Lankan government for ending cremation of COVID-19 victims

Muslim World League chief thanks Sri Lankan government for ending cremation of COVID-19 victims
Updated 04 March 2021

Muslim World League chief thanks Sri Lankan government for ending cremation of COVID-19 victims

Muslim World League chief thanks Sri Lankan government for ending cremation of COVID-19 victims

RIYADH: The Sri Lankan government has agreed to the request of the Muslim World League (MWL) — in accordance with Islamic procedures — to stop cremating the bodies of Muslims who have died of COVID-19.
The news came in a phone call to Dr. Mohammed bin Abdulkarim Al-Issa, MWL secretary-general, from Sri Lanka’s Minister of Foreign Affairs Dinesh Gunawardena.
During the call, Gunawardena told Al-Issa that the Sri Lankan government had agreed to the MWL’s request. Gunawardena said that this served to strengthen the close relationship between the MWL, which is a global reference for Muslim nations, and the Sri Lankan government.
Al-Issa thanked Sri Lanka for approving the MWL’s request to stop the cremation of the bodies of Muslims and instead allow their burial.
The General Secretariat of the Organization of Islamic Cooperation (OIC) also welcomed the Sri Lankan government’s decision.
The OIC said that it had on several occasions during the pandemic called on Sri Lankan authorities to refrain from cremating Muslims and to give them an Islamic burial.
 

The Kingdom vs. COVID-19
How Saudi Arabia acted swiftly and coordinated a global response to fight the coronavirus, preventing a far worse crisis at home and around the world
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