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MENAFN - Arab News - 05/09/2014
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(MENAFN - Arab News) The permanent committee to combat money-laundering is currently looking into suspicious land deals in various parts of the Kingdom.

Sources pointed out that the Kingdom should fight money-laundering through the permanent committee that includes 16 government entities that combat money-laundering operations. These entities include the financial investigations unit in the Ministry of Interior the General Anti-Narcotics Directorate the General Directorate for Criminal Investigations legal affairs in the Ministry of Interior Public investigation administrative investigations the Ministry of Foreign Affairs Public Intelligence the Ministry of Finance Customs Department the Bureau of Investigation and Public Prosecution the Financial Market Authority Ministry of Social Affairs and the #SaudiArabia Monetary Authority.


The Ministry of Justice revealed that its real estate indexes point to the existence of large deals worth millions of riyals which they suspect are cases of money-laundering. These deals have led to an artificial increase in real estate prices.

 
 


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