Saudi Arabia’s Public Prosecutor leads coalition of authorities to fight money laundering

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Professionals from the Supreme Judicial Council, the Ministry of Interior, the security services and the Saudi Arabian Monetary Authority (SAMA), participated in the program. (SPA)
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Professionals from the Supreme Judicial Council, the Ministry of Interior, the security services and the Saudi Arabian Monetary Authority (SAMA), participated in the program. (SPA)
Updated 24 November 2019

Saudi Arabia’s Public Prosecutor leads coalition of authorities to fight money laundering

  • Anti-money laundering experts from the Law department at CWRU reviewed a number of key themes and discussed the economic and political impacts of money laundering

RIYADH: The training program on International Developments in Combating Money Laundering, held at the Public Prosecution agency in Riyadh with the participation of international experts from Case Western Reserve University (CWRU) in cooperation with Naif Arab University for Security Sciences (NAUSS), concluded on Saturday under the patronage of Saudi Arabia’s Attorney General Sheikh Saud Al-Mua’jab.

Professionals from the Supreme Judicial Council, the Ministry of Interior, the security services and the Saudi Arabian Monetary Authority (SAMA), as well as members of the Public Prosecution and a number of advisers in specialized departments, participated in the program.

Anti-money laundering experts from the Law department at CWRU reviewed a number of key themes and discussed the economic and political impacts of money laundering, mechanisms to discover the stages of money laundering in financial institutions, developments in the procedures of inference and investigation of money laundering crimes, and methods to monitor money laundering using modern technology, such as Bitcoin.

Professor Bill Clonger stressed the importance of adopting such training programs for all professionals in the field of combating money laundering.

The implementation of such programs comes in light of Vision 2030 and supporting its main strategies, including providing support for investment and improving the status of the Kingdom in the global economy.

Sheikh Saud Al-Mua’jab, Saudi attorney general

For his part, Al-Mua’jab explained that money laundering had become one of the most important issues to authorities given its economic and security dimensions.

Al-Mua’jab said the agency sought to develop general plans that met the requirements of the next phase for working to combat money laundering in all economic and commercial outlets.

“During 2019, the Public Prosecution carried out over 15 training programs in the Kingdom and abroad on money laundering investigation and prosecution mechanisms for members of the agency, and heads of money laundering departments in branch offices,” Al-Mua’jab explained, highlighting that about 215 members of the Public Prosecution and experts from across the Kingdom participated in the programs.

He added that the Public Prosecution was also set to implement in early 2020 an international program in cooperation with a specialized US organization. The program aims to develop the skills of prosecutors in the field of combating money laundering.


Saudi Arabia permits Eid Al-Adha prayers with coronavirus measures

Updated 14 July 2020

Saudi Arabia permits Eid Al-Adha prayers with coronavirus measures

  • Prayers will only take place in certain mosques

RIYADH: Saudi Arabia said on Monday it would permit worshippers to perform Eid Al-Adha prayers at mosques.
The Minister of Islamic Affairs, Dawah and Guidance, Sheikh Abdullatif Al-Asheikh, directed the ministry’s branches in the regions throughout the Kingdom to provide for this year’s Eid Al-Adha prayers.
Prayers will only take place in certain mosques and ensuring they use the government’s preventative measures, due to the coronavirus pandemic.
The ministry said it has intensified its awareness and guidance campaign to adopt preventive protocols to combat the spread of the coronavirus through the participation of a group of advocates and scholars, in addition to publishing what was recommended by the medical committees concerned with combating the epidemic.