Reporting Suspicious Transactions in the Saudi Anti-Money Laundering Law
الإبلاغ عن العمليات المشبوهة — نظام مكافحة غسل الأموال
The duty of financial institutions, designated non-financial businesses and professions and legal and accounting service providers to report to the General Directorate of Financial Intelligence immediately on suspicion and give it a detailed report; the ban on tipping off the client; and no liability for a good-faith reporter (Articles 15 and 16).
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Other topics in the Saudi Anti-Money Laundering Law
Definitions in the Anti-Money Laundering LawThe Money Laundering OffenseRisk Assessment and Due DiligenceCorrespondent Relationships and Wire TransfersRecord Keeping and Internal ControlsGeneral Directorate of Financial IntelligenceCustoms Declaration of FundsSupervisory Authorities and SanctionsPenalty for Money LaunderingMitigating the Penalty for Money LaunderingConfiscating Laundered FundsInternational Cooperation and ExtraditionPrecautionary Seizure and Investigation