​

The Secretariat of the Anti-Money Laundering Permanent Committee (AMLPC) organized a virtual introductory session on Money Laundering National Risks Assessment (MLNRA) on 6/1/2021, which comes within the preliminary stage to start the process of updating the MLNRA. The session aimed at introducing the concept of risk and risk management, the ML NRA process, the stages and tasks related thereto, and the methodology used in the assessment process.

At the opening of the session, the Vice Chairman of the AMLPC, Mr. Adel Hamad Al-Qulish, spoke about the Kingdom's commitment to the international standard for assessing money laundering risks and the importance of a common understanding among the authorities concerned with potential risks and threats, so that the policies and measures applied at the national level related to combating money laundering commensurate with the risks to which the Kingdom is exposed, and would help to mitigate them. Mr. AlQulish also indicated that one of the important objectives of the assessment is to ensure the optimal utilization of available resources by directing them towards areas that represent high risks.

The session was attended by (43) participants from representatives of the member authorities of AMLPC and the technical team concerned with the process of updating the ML NRA and specialists in combating from: the Ministry of Interior (General Directorate of Public Security, General Directorate for Narcotics Control), the Ministry of Foreign Affairs, the Ministry of Justice, the Ministry of Finance, the Ministry of Commerce, the Ministry of Human Resources and Social Development, the Presidency of State Security (the General Directorate  of Financial Intelligence, and the General Directorate of Investigation), the General Intelligence Presidency, the Public Prosecution, the Anti-Corruption and Oversight Authority, the General Customs Authority, the Financial Market Authority, the General Authority for Endowments, and the Saudi Central Bank.