Updating the Lists of High-Risk Countries on the AMLPC Website

In the Name of Allah, the Most Gracious, the Most Merciful

Saudi Central Bank
Headquarters

Anti-Money Laundering and Countering the Financing of Terrorism Department (AMLPC)

Ref. No.: 41/14625
Date: 1440/03/06 AH
Attachments: None

"Circular"

To: [Name/Title]
Greetings,

Subject: Updating the lists of high-risk countries on the website of the Permanent Committee for Anti-Money Laundering (AMLPC).

With reference to Paragraph (1) of Article 11 of the Anti-Money Laundering System issued by Royal Decree No. (M/20) dated 1439/02/05 AH, which stipulates: "Financial institutions and designated non-financial businesses and professions shall apply risk-based due diligence measures concerning risks that may arise from business relationships and transactions with a person coming from a country designated by them or by the Permanent Committee for Anti-Money Laundering as a high-risk country."

We inform you that the Permanent Committee for Anti-Money Laundering continuously updates its list of high-risk countries on its website; therefore, the Institution emphasizes the necessity of taking appropriate measures to monitor the Committee's electronic site regarding the countries designated by the Committee as high-risk, thereby enhancing your measures to identify high-risk countries via the following link:
http://www.amlpc.gov.sa/ar-sa/Pages/HighRiskCountries.aspx

We hope you take note and act accordingly.

Yours sincerely,
Fahd bin Ibrahim Al-Shathri
Deputy Governor for Supervision

Distribution Scope:

• Banks operating in the Kingdom
• Insurance and reinsurance companies, free profession companies related to insurance and/or reinsurance
• Financing companies
• Licensed money exchange practitioners

Al-Suwaylim

P.O. Box 2992 - Riyadh 11169 - Tel: 011 4633000