Draft Law on AML and Counter-Terrorism
The Legislative and Opinion Department in the Kingdom published a draft amendment to the Anti-Money Laundering and Counter-Terrorism Financing Law of 2026. The aim is to expand the scope of oversight and update provisions related to the prohibition and laundering of funds, including virtual assets, while enhancing investigative tools and asset recovery mechanisms. The amendment focuses on improving legal procedures and enforcement of penalties, includes expanding the powers of competent authorities, and incorporates the concepts of criminal property and terrorist financing assets. It also emphasizes strengthening international cooperation in asset recovery and promoting transparency.
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