Capital Market Authority tightens measures to guarantee the market's safety from money laundering and terror financing

Riyadh, Safar 25, 1437, December 07, 2015, SPA — The Capital Market Authority (CMA) has asserted its keenness on the safety of money invested in the market and its compliance with the regulations in force in the Kingdom of Saudi Arabia, noting that it was taking a number of measures in this regard, including tapping suspected money leaks with relation to money laundering or terror financing into the capital market.
In a press statement, the CMA recalled that it has issued in December 2008 the regulations on combating money laundering and terror financing, aiming, in part, to make sure that the licensed artificial personalities and those registered at CMA are committed to the measures and regulations issued by CMA and guarantee the imposition of money laundering system according to pertinent royal decrees and their executive regulations.
The statement said that the regulations also aim at enhancing the financial market fairness and credibility as well as the protection of stock market institutions and their clients who might fall victims of illegal operations, likely to include money laundering or terror financing transactions.
13:03 LOCAL TIME 10:03 GMT