Guidance on Assessing Business Risks Related to Money Laundering, Terrorist Financing, and Proliferation Financing

Saudi Central Bank
Unit: 472039915
Date: 11/07/1447
Attachments: 16 Pages

To Whom It May Concern,

Greetings,

Subject: Guidance on Assessing Business Risks Related to Money Laundering, Terrorist Financing, and Proliferation Financing

With reference to the powers of the Saudi Central Bank in issuing instructions related to financial institutions, and based on the Royal Decree No. (M/63) dated 20/11/1439 H, issuing the Anti-Money Laundering Law, and the Royal Decree No. (M/12) dated 12/02/1439 H, issuing the Counter-Terrorism Financing Law and its Executive Regulations,

The attached Guidance on Assessing Business Risks Related to Money Laundering, Terrorist Financing, and Proliferation Financing aims to establish minimum factors that financial institutions must consider when conducting a business risk assessment process, as well as the key criteria and controls included in the Guidance. The Guidance also includes risk assessment methodologies that must be observed when conducting such processes. It is emphasized that the nature, size, and level of risk exposure of the financial institution's activities do not constitute a standardized methodology for risk assessment, nor do they restrict the obligations imposed on financial institutions by laws, regulations, and instructions. Furthermore, this Guidance does not prevent financial institutions from taking any additional measures necessary to fulfill their obligations regarding the fight against money laundering, terrorist financing, and proliferation financing.

Please be informed that this Guidance has been published on the Bank's electronic website.

Best regards,

Distribution Scope:
All financial institutions under the supervision and oversight of the Saudi Central Bank.

Abdullah bin Saleh Al-Hamid
Deputy Governor for Financial Behavior

Kingdom of Saudi Arabia
Riyadh 11416

Guidance on Assessing Business Risks Related to Money Laundering, Terrorist Financing, and Proliferation Financing

First Edition - Rajab 1447 H / December 2025

Important Note
The Saudi Central Bank emphasizes the necessity of keeping pace with updates and amendments to instructions issued by the Saudi Central Bank, as well as the published version on its electronic website (WWW.SAMA.GOV.SA).

Saudi Central Bank
-SAMA
Saudi Central Bank

Chapter One: General Provisions and Definitions

Table of Contents

Chapter Two: Governance and Responsibilities of the Financial Institution
Chapter Three: Stages of Business Risk Assessment by the Financial Institution
Chapter Four: Final Provisions

Page Number

3
7
16/2