Sirs / Traders of precious metals and precious stones.
Chamber presents its greetings and informs you of the letter of the Council
of Saudi Chambers (SG / 32) date 6/1/1439, stating that the Council
received a letter from the Ministry of Trade and Investment No. (81),
referring to the decree 5 of the Money Laundering Law promulgated by
Royal Decree No. (31) of 11/5/1438, which stipulates that "financial
institutions, non financial businesses and professions and non profit
organizations shall not conduct any financial or Trade on behalf of an unknown or fictitious or opening or dealing
with digital accounts, and the identity of dealers must be verified on basis based on official documents, following up and commitment to what is stated in the
article referred to and not to conduct sales or purchase without
verifying the identity of dealers based on official documents and in
accordance with what is described in the regulations.