
Saudi Arabia successfully prosecutes six people after moves to curb TBML via interagency coordination and consolidation
Prosecutors in Saudi Arabia have successfully convicted six people who participated in a trade-based money laundering (TBML) operation involving expatriates and Saudi citizens.
The convictions follow moves last year by the authorities to improve to streamline the Kingdom’s tax and customs operations and coordinate interagency efforts to detect and prosecute money launderers abusing the country’s trade system.
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