As part of Saudi efforts to combat money laundering and terrorist financing, the Kingdom of Saudi Arabia invited the Financial Action Task Force (FATF) to visit the Kingdom in September, 2003, to be briefed on steps taken by the Kingdom in the field, in accordance with domestic and international requirements.
After concluding its visit to the Kingdom, the FATF prepared a report which was discussed during a recent meeting in Paris, attended by a Saudi delegation. The conclusion of the Paris evaluation was very positive, with attendees from a number of countries praising Saudi actions to fight money laundering and terrorist financing.
Source: SPA
