The Saudi Arabia Insurance Authority imposed a SAR 1 million fine on an insurance company on Oct. 28, 2025, for several violations of anti-money laundering and counter-terrorism financing requirements, acting under Article 25 of the Anti-Money Laundering Law.
2025-10-30Saudi Arabia Insurance Authority
Saudi Arabia Insurance Authority fines insurer SAR 1 million for anti-money laundering and counter-terrorism financing violations
The Saudi Arabia Insurance Authority fined an insurance company SAR 1 million for several anti-money laundering and counter-terrorism financing violations.