Abdullah Al Alami*
The Public Prosecution's statement is clear; investigations proved that a Saudi female citizen had with her foreign husband, committed money laundering, with financial flows exceeding 63 million Saudi riyals.
The
court issued a preliminary ruling against the criminals, and sentenced them to jail
for a period of 12 years in accordance with the Anti-Money Laundering Law and
the Anti-Concealment Law.
This
crime reminds me of the suspicious phone calls and text messages people receive
inquiring about their personal bank information to help them conduct “lucrative
financial transactions”. We must alert the authorities immediately about
these calls, as the Public Prosecution is responsible for protecting national
economy from all forms of criminal practices.
Saudi
Central Bank has done well by establishing the Joint Operations Center for
Saudi Banks, which monitors cases of financial corruption. The Center brought
together all Saudi banks under one roof in 162 workstations, to help monitor and
trace financial crimes.
Thanks
to the Public Prosecution Office for demanding tougher sentences against the
perpetrators in the 63 million Riyal case.
*Saudi Writer
