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.
2026-06-04Saudi Arabia Insurance Authority
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.