The citizens of Saudi Arabia have been cautioned to be careful in their transactions to avoid being played into money laundering schemes. The Saudi Arabian Monetary Authority (SAMA) gave this warning in a tweet on Friday as it stressed the importance of increasing the level of public awareness and sensitisation on money laundering and its consequences. SAMA has established the permanent committee to combat money laundering and has given the committee the responsibility to enact the necessary laws and regulations in this regard. The Saudi Kingdom has defined money laundering as committing any act intended to conceal or change the reality of the acquired funds is contrary to Islamic law or order.
