The 63 Million Riyal Case

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