2004 News Story

Commerce ministry sets up money-laundering unit

Minister of Commerce and Industry Dr. Hashim Yamani has approved the establishment at the Ministry of an independent administrative unit for combating money laundering. The unit, which is linked to the General Administration for Combating Commercial Fraud, will work in line with the Directory for Combating Money Laundering that has already been set up by the Ministry in cooperation with the Saudi Arabian Monetary Agency (SAMA).