Bloomberg News

Saudi Cabinet Approves Money-Laundering Law, Arab News Says

April 03, 2012

Saudi Arabia’s Cabinet approved a law to combat money-laundering, Arab News reported, citing a statement from the Culture and Information Minister Abdul Aziz Khoja.

The measure was approved yesterday and will help target the financing of terrorist organizations, the Jeddah-based newspaper reported.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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