Council approves asset forfeiture system
The Council of Ministers in the Kingdom approved the Asset Forfeiture Management System, which pertains to seized and confiscated funds in cases of Money Laundering and Terrorism Financing. They also implemented amendments to the Anti-Terrorism Crimes and Financing System, in addition to adopting the Recreational Activities and Supportive Activities System. This was announced during a session chaired by Crown Prince Mohammed bin Salman in Jeddah, as part of the implementation of 19 decisions aimed at strengthening the legal and regulatory measures in these areas.
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