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
What you gain
- Supervisor-ready AML programmes
- Consistent suspicious transaction reporting
How we get you compliant
Applicability and scoping
Confirm whether and how the law applies to you, entities, data, systems, roles and territories.
Data and process mapping
Build a record of processing or control inventory so obligations can be tied to real systems and owners.
Gap assessment
Measure current practice against each obligation and rank the gaps by legal and business risk.
Remediation roadmap
Policies, notices, contracts, technical controls and governance, sequenced so the highest risks close first.
Evidence and ongoing monitoring
A compliance calendar, metrics and periodic reviews so you can demonstrate compliance to a regulator or customer at any time.