Article 3 of the Saudi Counter-Terrorism Law Implementing Regulations
المادة 3 من اللائحة التنفيذية لنظام مكافحة جرائم الإرهاب وتمويله
The article lists the acts that a customer performs or begins to perform with financial institutions and non-financial businesses and professions, referred to in paragraph (17) of Article 1 of the Law.
Official text (Arabic)
This article has not been amended since the law was issued.
الأعمال التي يقوم بها العميل أو يشرع فيها مع إحدى المؤسسات المالية والأعمال والمهن غير المالية، المشار إليها في الفقرة (17) من المادة (الأولى) من النظام هي:
1- ترتيب أو إجراء أي عملية أو علاقة عمل أو فتح حساب له.
2- التوقيع على أي عملية أو علاقة عمل أو حساب.
3- تخصيص حساب بموجب عملية ما.
4- تحويل حساب أو حقوق أو التزامات بموجب عملية ما.
5- الإذن له بإجراء عملية أو السيطرة على علاقة عمل أو على حساب.
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 3 explained in plain English
This article clarifies the acts considered when speaking of the customer in his dealings with financial institutions and non-financial businesses and professions, being the acts referred to in paragraph (17) of Article (1) of the Law. They include acts that the customer performs or begins to perform, that is, even if they are not completed:
- Arranging or carrying out any transaction or business relationship, or opening an account for him.
- Signing any transaction, business relationship or account.
- Allocating an account under a transaction.
- Transferring an account, rights or obligations under a transaction.
- Authorizing him to carry out a transaction or to control a business relationship or an account.
The practical meaning is that the status of customer is not confined to the account holder, but may include one who signs a transaction, one to whom an account or right is transferred, or one who is authorized to deal with an account or control a business relationship. The available text does not set out paragraph (17) of Article 1 of the Law, and does not state the obligations that result from this status.
The article is linked to Articles 1 and 2 of the Regulations, which specify the financial activities and the non-financial professions. A person who needs to determine a person's status in a particular transaction may consult a lawyer specialized in banking and finance.
Practical example
Ahmed authorized his brother to sign on his account at a bank. Signing on the account and authorizing control over it are among the acts the article lists.
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 3 of the Saudi Counter-Terrorism Law Implementing Regulations
Does this include someone who begins to open an account without completing it?
The article mentions the acts that the customer performs or begins to perform, including arranging or carrying out a transaction or opening an account.
Does a person authorized to sign on an account fall within these acts?
The article mentions signing any transaction or account, and authorizing a transaction or control over an account.
More articles on Financial Institutions and Non-Financial Professions
- Article 1
The article lists the financial activities and operations referred to in paragraph (14) of Article 1 of the Law, from accepting deposits and lending to investment-related insurance and trading in securities.
الأنشطة أو العمليات المالية المشار إليها في الفقرة (14) من المادة (الأولى) من النظام هي: 1- قبول الودائع وغيرها من الأموال القابلة للدفع، بما في ذلك الخدمات الخ
- Article 2
The article specifies the business or professional activities referred to in paragraph (15) of Article 1 of the Law: real estate brokerage, trading in gold and precious metals above SAR 50,000, and specified legal and accounting services.
الأعمال التجارية أو المهنية المشار إليها في الفقرة (15) من المادة (الأولى) من النظام هي: 1- السمسرة العقارية. 2- التجارة في الذهب أو الأحجار الكريمة أو المعادن
- Article 4
The article specifies the supervisory authorities referred to in paragraph (22) of Article 1 of the Law, being five authorities each within its field of competence.
تعد الجهات أدناه -كل في مجال اختصاصه- من الجهات الرقابية المشار إليها في الفقرة (22) من المادة (الأولى) من النظام: 1- وزارة العدل. 2- وزارة العمل والتنمية الاجت
- Article 19
The article clarifies that the legal arrangement referred to in the Regulations covers any legal relationship arising among several parties by agreement, such as trusts and similar arrangements.
يدخل في مدلول الترتيب القانوني -الوارد في هذه اللائحة- أي علاقة قانونية تنشأ بين عدة أطراف بناء على اتفاق، كالصناديق الاستئمانية، أو غيرها من الترتيبات المشابهة
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.