In Presence of SAMA Governor: AMLPC Holds its Monthly Meeting

In the presence of Ayman Alsayari, governor of the Saudi Central Bank (SAMA) and chairman of the Anti-Money Laundering Permanent Committee (AMLPC), the AMLPC held its monthly meeting No (7-1444) on Tuesday 14/02/2023 at SAMA's headquarters. The meeting was attended by representatives of the permanent committee members.

During the meeting, Alsayari delivered a welcoming remarks in which he praised efforts made by the members and their active contribution to many achievements made at local and international levels during the past years. This included the adoption of the National Money Laundering Risk Assessment in 2017 and passing the Mutual Evaluation Process in 2018, which resulted in granting the Kingdom of Saudi Arabia the full membership in the Financial Action Task Force (FATF) and to become the first Arab country to join the Task Force. The Kingdom's membership in FATF comes in line with its ongoing efforts to realize objectives of Saudi Vision 2030.

In this meeting, members of the committee reviewed training needs matrix for concerned bodies in the fight against money laundering of the year 2023. These measures are set to optimize training programs towards upscaling expertise and skills of specialists in the competent actors, including improving and further developing systems and mechanisms related to combating money laundering as well as meeting outcomes of working groups such as: mutual evaluation team chaired by the Saudi Central Bank, statistical team chaired by Presidency of State Security, the Typologies, Training and Studies Working Group chaired by the Public Prosecution, and the Risk Team chaired by the Capital Market Authority. 

29-February-2024