Dear Esteemed Chamber Subscribers,
May the peace, mercy, and blessings of Allah be upon you.
Asharqia Chamber extends its warmest greetings to you and would like to inform you that it has received the letter of the Federation of Saudi Chambers No. (45551985/20), dated (9/2/1448 AH), referring to the telegram received from the Ministry of Commerce No. (1246), dated (16 Muharram 1448 AH), which states that the General Directorate of Financial Intelligence has issued a guidance manual for reporting entities. The manual aims to support entities subject to regulatory requirements in understanding suspicious transaction reports and raising their quality, ensuring stronger compliance with reporting requirements under the Anti-Money Laundering Law and its Implementing Regulations and the Law of Combating Terrorism Crimes and Its Financing and its Implementing Regulations.
Accordingly, the Federation hopes that those practicing the trade in precious metals and stones will act accordingly, and stresses the importance of committing to submitting suspicious transaction reports to the General Directorate of Financial Intelligence whenever indicators or reasonable grounds for suspicion exist. For more information and to view the guidance manual, please visit the following link: (http://go.ac.sa/9pd).
Please accept our sincere regards and appreciation.