Prosecution Sets 40,000 Riyal Limit for Financial Declarations

The Public Prosecution announced a modification to the executive regulation of the Anti-Money Laundering System. The minimum threshold for disclosing cash and financial possessions has been lowered from 60,000 Riyals to 40,000 Riyals when entering or leaving the Kingdom. The amendment requires travelers to declare any currencies, financial instruments, gold bullion, precious metals, or jewelry exceeding this value at land, sea, and air ports. This adjustment aims to strengthen the fight against money laundering and protect the national economy.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article