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Border cash and metals limit is 40,000 riyals
The update of the executive regulations of the Anti-Money Laundering System in Saudi Arabia enhances risk management and expands the scope of regulatory authorities to include the Central Bank and other agencies. It also broadens the range of regulated activities to cover services such as money transfers, portfolio management, and trading in precious metals. Additionally, the amendments elevate the standards for customer identity verification and source of funds, aiming to protect the national economy from financial crimes.
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