Participation of 35 Specialists in a Workshop on Financial Investigations Related to Trade-Based Money Laundering Crimes

The Anti-Money Laundering Permanent Committee (AMLPC) organized a workshop titled "Financial Investigations related to Trade-Based Money Laundering Crimes" during the period from 14-18/11/2021 at the headquarters of the Zakat, Tax and Customs Authority.

The workshop was attended by (35) participants representing a number of the concerned authorities, including the Ministry of Interior (the General Directorate of Public Security and the General Directorate for Narcotics Control), the Presidency of State Security (the General Department of Financial Intelligence "SAFIU"), the Oversight and Anti-Corruption Authority (NAZAHA), the Public Prosecution, the Ministry of Commerce, the Zakat, Tax and Customs Authority, the Saudi Central Bank, and the Permanent Committee for Legal Assistance Requests.

The workshop, which is part of the second phase of the technical assistance program, aimed to assist specialists from the concerned authorities in enhancing and developing their capabilities, and providing them with the necessary skills in conducting financial investigations, prosecutions and asset recovery in money laundering crimes. In addition, the workshop focused on enhancing the capabilities to increase international cooperation through formal legal assistance requests.

It is worth noting that the second phase of the technical assistance program consists of (12) training workshops, divided into (3) groups, each group holds (4) financial investigation training workshops. Whereas, by the end of this training workshop, the second group will have completed the full training program designated for it.

On this occasion, the Vice Chairman of the AMPLC, Mr. Adel Al-Qulish, expressed his deep appreciation to the participants from all concerned authorities for their active participation in this program, which in turn will contribute to building and enhancing the capacity and efficiency of specialists in the concerned authorities in conducting financial investigations and prosecutions, consequently achieving the Kingdom's commitment to implementing the international standards and requirements issued in this regard.

This training program comes within the framework of implementing the National Strategic Objectives and the National Action Plan to combat money laundering and terrorist financing, which included in one of its objectives "Strengthening the training programs held for the concerned authorities through holding workshops in the field of developing methods of investigation and prosecutions in money laundering cases".