Riyadh - SPA
‏Finance Minister: Saudi Arabia's FATF Membership reflects strong financial legislations

Commenting on the Kingdom of Saudi Arabia being granted full membership of the Financial Action Task Force (FATF) Minister of finance Mohammed bin Abdullah Al-Jadaan said “We are very glad to gain this membership as a recognition of the considerable steps the country, SAMA, Anti-Money Laundering Permanent Committee (AMLPC) and other Government ministries and agencies have made in implementing and enforcing Anti Money Laundering Legislation and Counter Terrorism Financing legislation and procedures.
‏This provides another strong indicator of our determination to provide a solid base for our planned financial services growth and to combat money laundering and financing of terrorism and proliferation.
‏However, this is not the end, Saudi Arabia remains fully committed to playing a major role in advancing this agenda in the region and globally.”

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