Official: Seized funds system boosts governance and asset handling
Saudi State Minister Hamad bin Muhammad Al Sheikh affirmed that the Council of Ministers' approval of the seized and confiscated assets management system in cases of money laundering and terrorism financing crimes strengthens the justice and transparency framework in the Kingdom. The system aims to organize the management of seized and confiscated assets efficiently, safeguard resources, and enhance trust in institutions, in line with international standards and the Financial Action Task Force (FATF) requirements.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)