Saudi approves new anti-money laundering law
Riyadh, April 3, 2012
Saudi Arabia's cabniet yesterday approved a new law for combating money laundering, which will also help fight funding of terrorism and terror organizations, a report said.
The Cabinet meeting was chaired by Custodian of the Two Holy Mosques King Abdullah, said the Arab News report.
“Rules related to the crimes of financing terrorism, terrorist acts and terror organizations specified in the anti-money laundering law will continue to be applied until the issuance of a new law to combat such crimes,” Culture and Information Minister Abdul Aziz Khoja was quoted as saying in the Arab News report.
More Government & Laws Stories
- New body to fight illicit consumer goods trade
- New GCC tobacco tax ‘could fuel illicit trade’
- Etisalat supports mGovernment initiative
- ASAR named legal advisor for Kuwait project
- Dubai authorities seize 259 elephant tusks
- Iran bars Rafsanjani from presidential election
- Bahrain MPs vote to ban pork
- Saudi detains 10 more in Iran spying case
- Dubai Courts begins e-case registration
- Bahrain cuts new property registration cost