Saudi Arabia tops rankings in anti-money laundering and terror financing efforts

July 7, 2010

Saudi Arabia tops the rankings in its efforts to combat money laundering and terror financing, according to a report by the Financial Action Task Force (FATF), an inter-governmental body based at the headquarters of the Organization for Economic Cooperation and Development (OECD) in Paris. The report placed Saudi Arabia first in the Arab world and among the top ten within the Group of 20 (G-20) countries.

The rankings were awarded at an FATF Plenary meeting in Amsterdam, which took place from June 23-25, based on a report by the Middle East and North Africa Financial Action Task Force (MENAFATF). In a statement on the occasion, Saudi Arabian Monetary Agency (SAMA) Governor Dr. Mohammed Al-Jasser said the achievement has come as a result of the directives of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz and the follow-up of governmental authorities.

« Return