Article 92 of the Saudi Counter-Terrorism Crimes and Financing Law
المادة 92 من نظام مكافحة جرائم الإرهاب وتمويله · الفصل العاشر: أحكام ختامية
The Article provides for applying the provisions of the Anti-Money Laundering Law on the obligations of financial institutions, designated non-financial professions and non-profit organizations where this Law has no provision.
Official text (Arabic)
This article has not been amended since the law was issued.
تطبق الأحكام الواردة في نظام مكافحة غسل الأموال المتعلقة بالتزامات المؤسسات المالية، والأعمال والمهن غير المالية المحددة، والمنظمات غير الهادفة إلى الربح, وذلك فيما لم يرد فيه نص في النظام.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 92 explained in plain English
This Article is a referral rule that fills any gap in the obligations of the entities addressed by the Law.
What does it provide?
- That the provisions of the Anti-Money Laundering Law on the obligations of the following entities apply within the scope of this Law:
- Financial institutions.
- Designated non-financial businesses and professions.
- Non-profit organizations.
- That this applies where the Counter-Terrorism Crimes and Financing Law has no provision.
How is it understood? If a provision in this Law governs a particular obligation, it is the one applied. If there is no provision, reference is made to the provisions of the Anti-Money Laundering Law on the obligations of these entities.
The referral here is limited to the obligations of these entities; it is not a general referral to all the provisions of the Anti-Money Laundering Law.
It is followed by Article 93, which sets a similar referral rule but for procedures, providing for applying the Law of Criminal Procedure where this Law has no specific provision. It is preceded by Article 91 on establishing intent from the circumstances of the act.
To learn the obligations that apply to a particular entity under both laws together, one may consult a lawyer specializing in banking compliance and counter-terrorism financing.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 92 of the Saudi Counter-Terrorism Crimes and Financing Law
Does the Anti-Money Laundering Law apply to terrorism financing?
Its provisions on the obligations of financial institutions, designated non-financial businesses and professions, and non-profit organizations apply where this Law has no provision.
Which takes precedence where both laws have a provision?
The Article makes reference to the Anti-Money Laundering Law only where this Law has no provision, so a provision in the Counter-Terrorism Crimes and Financing Law is the one applied.
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The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.