المملكة: "commerce" 40 representatives of gold companies trained on anti-money laundering
I trained Money laundering and efficient financing of terrorism.
The workshop, which was held in cooperation with the Financial Investigations and the Counter-Terrorism Committee, witnessed direct interaction from representatives of institutions to raise the quality of security reports and implement the financial compliance path.
During the meeting, experts reviewed the precise registration mechanisms in the “Taqsa” platform, to enable workers in the gold and jewelry market to monitor and track any unusual financial movements professionally and quickly.
Financial penalties
and touched on Discussions refer to the stringent requirements regarding the implementation of Targeted financial sanctions, in addition to assessing the strategic risks directly related to the financing of terrorism and prohibited activities.
This proactive step comes within the ministry’s efforts to fortify the private sector, and raise the awareness of those engaged in the gemstone activity of the ongoing regulatory updates in the Saudi market to ensure their legal safety.
These measures establish a safe and reliable commercial environment, ensure the optimal application of anti-money laundering requirements, and firmly confront any attempts aimed at exploiting the sector to finance the proliferation of weapons.
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