# KSA AML/CTF: Saudi Arabia anti-money laundering and counter-terrorism financing laws

> AML/CTF obligations for Saudi financial institutions and designated non-financial businesses and professions.

URL: https://securei3.com/standards/ksa-aml/
Category: GCC regulations: Law or regulation
Provider: Secure iQube (independent consultancy; ISO certificates are issued by accredited certification bodies; SOC and ISAE reports by licensed CPA and audit firms, which Secure iQube can arrange through partner firms)


Saudi Arabia’s Anti-Money Laundering Law and Law on Combating Terrorism Crimes and its Financing, with their implementing regulations, require financial institutions and DNFBPs to apply a risk-based approach, customer due diligence, beneficial ownership, sanctions screening, monitoring, record keeping and reporting to the Saudi Financial Intelligence Unit.

We design AML/CTF programmes, risk assessments and training aligned with SAMA rules and FATF standards.

## Who it is for

- Banks, insurers and finance companies
- Payment service providers and fintechs
- DNFBPs in the Kingdom

## Benefits

- Supervisor-ready AML programmes
- Consistent suspicious transaction reporting

## How Secure iQube helps

1. **Applicability and scoping**: Confirm whether and how the law applies to you, entities, data, systems, roles and territories.
2. **Data and process mapping**: Build a record of processing or control inventory so obligations can be tied to real systems and owners.
3. **Gap assessment**: Measure current practice against each obligation and rank the gaps by legal and business risk.
4. **Remediation roadmap**: Policies, notices, contracts, technical controls and governance, sequenced so the highest risks close first.
5. **Evidence and ongoing monitoring**: A compliance calendar, metrics and periodic reviews so you can demonstrate compliance to a regulator or customer at any time.

## Frequently asked questions

### Do SAMA rules add to the AML law?

Yes. SAMA issues AML/CTF rules and guidance for its regulated entities that add detail to the law and its implementing regulations.

Related: https://securei3.com/standards/aml-cft-programme/, https://securei3.com/standards/sama-counter-fraud/, https://securei3.com/standards/fatf-recommendations/

Contact: https://securei3.com/contact/: info@securei3.com