Adel Al-Qulish, senior adviser to the governor of the Saudi Arabian Monetary Authority

Adel Al-Qulish
Updated 06 November 2019

Adel Al-Qulish, senior adviser to the governor of the Saudi Arabian Monetary Authority

Adel Al-Qulish is a senior adviser to the governor of the Saudi Arabian Monetary Authority (SAMA) and vice-chairman of the Anti-Money Laundering Permanent Committee (AMLPC).
Al-Qulish began his career in the private sector and later joined SAMA with the responsibility for onsite supervision of financial institutions to ensure their compliance with Saudi laws.
In 2004, he joined the MENA Financial Action Task Force (MENAFATF) as the first executive secretary. He moved to Bahrain to perform his professional duties, which included coordinating with member countries in their efforts to curb money laundering and fight terror financing.
He subsequently became an associate member of the Financial Action Task Force, as it managed to accomplish remarkable achievements.
After a successful stint with MENAFATF, he rejoined SAMA in 2017.
Speaking at the 11th Compliance and Anti-Money Laundering Seminar in Riyadh on Monday, he said: “We have had several AML laws since 2003. During the past few years, we have been working to fill the gaps in these legacy laws in line with our vision to protect the financial sector and support global efforts in combating financial crime.”
On the evaluation process, Al-Qulish noted that members of the assessment team came from different countries. “The team had diverse perspectives and interpretations. We knew the process would not be an easy one and for that reason, we started our preparations three years prior to the exercise.
“Throughout the exercise, we managed to prove the effectiveness of our system and our capacity to produce solid results,” he added.


Oman, UAE praise Saudi Arabia for reaching a deal between Yemeni parties

Updated 25 min 50 sec ago

Oman, UAE praise Saudi Arabia for reaching a deal between Yemeni parties

  • Gulf countries praise Saudi Arabia’s role in brokering the Riyadh Agreement.
  • The deal ends a feud between the government and the STC and refocuses efforts on fighting the Houthi militia

RIYADH: Oman welcomed on Tuesday Saudi Arabia’s efforts in bringing together the Yemeni government and southern separatists to sign a power sharing agreement. 
The two parties signed the Saudi-brokered deal in Riyadh last week to end a power struggle in the country’s south. Crown Prince Mohammed bin Salman hailed the agreement as a step toward a wider political solution to the Yemen conflict.
Oman’s foreign ministry said it “hopes the agreement will pave the way for a comprehensive settlement in Yemen.”
Saudi Arabia’s Deputy Defense Minister, Prince Khalid bin Salman, visited Oman on Monday and met Sultan Qaboos bin Said.
The UAE Cabinet also welcomed on Tuesday the signing of the agreement and expressed confidence that it will establish a “new era of unified and effective work to meet the aspirations of the Yemeni people.”
“The Cabinet affirmed the UAE’s support for all efforts exerted by Saudi Arabia, through its leadership of the Arab Coalition, in order to stabilize Yemen and allow it to regain it role in the region,” the state WAM news agency reported.
The new arrangement calls for an equal number of ministries between the Southern Transitional Council (STC) and the government of President Abd-Rabbu Mansour Hadi.
The Kuwaiti Cabinet also welcomed the Riyadh Agreement on Monday and thanked Saudi Arabia for its efforts.
Yemen’s government was forced to flee the capital Sanaa when Houthi militants and their allies seized the city in 2014. 
The government and the STC are part of a military coalition against the Iran-backed Houthis, which also includes Saudi Arabia and the UAE.