Kingdom's accession to Financial Action Task Force

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Riyadh, Shawwal 17, Shawwal 1436 AH, August 2, 2015, SPA -- The Financial Action Task Force (FATF) for combating the crimes of laundering, financing of terrorism and the proliferation of arms issued during its third general meeting of the 26th session held in the city of Brisbane in Australia on June 26, 2015, a unanimous resolution approving granting the Kingdom Saudi Arabia an observer seat in the Force as a prelude to obtaining full membership in accordance with the policies and procedures of internal work to join the Force. The Saudi Arabian Monetary Agency in a press statement today said that the Force's decision came after being briefed on the results of the report of the field visit by a high-level delegation from the Force to the Kingdom, headed by the President of the Force during the period from June 1 to 4, 2015 AD, in which he praised the role of Kingdom in combating the crimes of laundering, financing of terrorism and the proliferation of arms through an integrated program of all relevant authorities involved in it in the Kingdom. -- SPA 15:31 LOCAL TIME 12:31 GMT www.spa.gov.sa/w

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