Saudi Arabia's Insurance Authority fined an insurance company SAR 807,000 after identifying two violations of anti-money laundering and counter-terrorism financing requirements involving risk assessments and due diligence measures.
Saudi Arabia's Insurance Authority fines insurer SAR 807,000 for AML and CTF violations
Saudi Arabia's Insurance Authority fined an insurer SAR 807,000 for two anti-money laundering and counter-terrorism financing violations related to risk assessments and due diligence.