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Saudi Arabia Leads Global Fight Against Financial Crimes

Saudi Arabia, represented by the Saudi Central Bank (SAMA), chaired the annual meeting of the Steering Committee of the Financial Action Task Force (FATF) Trust Fund for technical assistance in combating money laundering and terrorist financing, held in Paris. This meeting underscores Saudi Arabia’s commitment to enhancing international cooperation in financial crime prevention amid growing global financial threats. The next steps to watch include potential new initiatives from the IMF and further developments in Saudi Arabia’s financial regulatory framework.

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