Prosecution: Failure to inform traveler that funds exceeding 60,000 riyals is a crime

Citizen – Riyadh

The prosecutor's office emphasized that it was important to provide passengers departing from or going to the Kingdom by land, sea or air, in recognition of cash and cash equivalents amounting to 60 000 riyals and more, pointing out that their violation indicated the suspicion of money laundering crimes, which is a positive crime. Stop.

In a statement published in his official account, the public prosecutor explained that Article 23.1 of the Anti-Money-Laundering Act stipulates that any person coming to the Kingdom or leaving the Kingdom will have a currency, negotiable instruments in the country. bearer, gold bullion or precious metals. Or jewels or busy jewelry, and worth or more than 60 thousand riyals, he must submit a statement to the relevant authorities.

The prosecution has indicated that this includes those who arrange for the transfer of these funds within or outside the Kingdom, by an expedition, a transport, a postal service or any other means. , whether it is worth more than 60 000 riyals or the equivalent in foreign currency.