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The Saudi Royal Court promulgated Law No. 20 of 2019 to codify the comprehensive legal framework for combating money laundering and terrorist financing. The statute establishes precise definitions, imposes mandatory reporting duties on financial institutions and designated non-financial businesses, and empowers supervisory authorities with robust inspection, sanctioning, and asset-freezing mechanisms. It further standardizes procedural rules for domestic enforcement, international cooperation, and regulatory compliance to mitigate systemic financial risks.
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Issued in the Royal Court on: 12/1/1441 AH Corresponding to: 11/9/2019 AD
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Source: Qatar Central Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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