Saudi Arabia manages terrorism and money laundering detention facilities

Saudi Arabia has approved a new system for managing seized and confiscated funds, aimed at protecting assets from exploitation and damage, and enhancing transparency and efficiency in handling funds related to money laundering and terrorist financing crimes. The system specifies the designated authorities and procedures for preservation and management, and includes mechanisms for selling damaged or non-viable assets, as well as allocating a percentage of proceeds to cover costs. The goal of the system is to support economic and social development, strengthen confidence in institutions, and uphold principles of justice and integrity.

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