Thursday, May 21, 2015 - 15:15

Ministry of Social Affairs held (6) training courses (Men and Women). The training targeted some of the leaders in governing bodies, charitable associations staff, and supervisors of the Ministry's staff in the field of combating money laundering, in line with international requirements in this area. Training was hold in collaboration with the Institute of Banking of Saudi Arabian Monetary Agency. These courses out of (38) courses, and the ministry is striving to held them in all regions of the Kingdom, and there is an understanding with the Institute of Banking about his willingness graciously during the next two years to hold other courses, which is considered the second phase to cover training all employees and supervisors of the association. The Social Development Agency is seeking to sign an agreement with the institute of banking regarding that.

That was cleared by Director General of Public Relations and Social Media Khalid bin Dakhil Allah Al-thbyta, pointing out that the Ministry of Social Affairs is seeking through these courses, to introduce ways to combat money laundering and financing of terrorist operations, and not to exploit charitable cooperatives and associations in the process of money laundering or financing of terrorist operations, through training the staff who oversee charities (men and women), as well as officials of these bodies, whether the manager or his deputy, or the treasurer. The efforts exerted in combating money laundering, and the financing of terrorist operations are of Financial Action Task Force (FATF) requirements, which one of his primary objectives is to verify the commitment of states to standards issued by this group….

Al-thbyta said that the Kingdom is a member in the Financial Action Task Force through the General Secretariat of the Gulf Cooperation Council, as well as in the Financial Action Task Force for the Middle East and North Africa emanating from this group.

He added that the kingdom continues the commitment to strengthen the efforts made during the past years, and continue to develop its legislative, institutional and technical system for combating money laundering and the financing of terrorist operations, and this commitment stems from the national self-conviction.