Saudi Arabia

Financial Crime Risk in Saudi Arabia

Proactive ways to align your compliance program and learn the strategies to confidently control AML/CFT risk in KSA.

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Financial Crime Risk in Saudi Arabia
Financial crime in Saudi Arabia generates between $12 – $32 billion annually in illegal proceeds. Saudi Arabia is reinforcing anti-money laundering (AML) and counter-financing of terrorism (CFT) laws as the country progresses toward the diversified economy outlined in the Kingdom’s Vision 2030. Crown Prince Mohammed bin Salman Al Saud’s multi-faceted economic strategy lays out the development of a strong financial sector, establishing Saudi Arabia as a primary startup hub in the Middle East North Africa (MENA) region.
Did you know that 70-80% of financial crime proceeds generated in Saudi Arabia flow out of the country? The Kingdom’s position as an economic leader and the region’s inherent geographic risks make Saudi Arabia a complex place to conduct business. Is your compliance program built to effectively manage multiple AML/CFT challenges?

Read this white paper for a detailed overview of Saudi Arabia’s financial crime compliance climate. You will learn strategies for successfully navigating Saudi Arabia’s economic and regulatory landscape with this deep dive into important topics:

  • Specific AML/CFT threats posed by four major financial crime risk typologies (corruption, human trafficking, money laundering and terrorist financing)
  • How the country’s regulatory regime compares against regional counterparts
  • Critical steps to address Saudi Arabia’s unique AML/CFT risk climate
  • Five recommended approaches to optimize screening systems and risk assessment processes
Saudi Arabia is prioritizing AML/CFT regulatory oversight as the country builds toward Vision 2030. Find out the proactive ways to align your compliance program and learn the strategies to confidently control AML/CFT risk.
Read the White Paper

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