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NEWS: Saudi citizen and two expats charged with money laundering

By Alisha Houlihan for AMLi

Saudi Arabia’s Public Prosecution has sentenced a woman and two expatriates to 12 years in prison, as well as a SR50M (€12.9M) fine for money laundering. 

The female citizen opened a bank account and a registry for a commercial entity, which she made available to her husband, a national of another Arab state, who subsequently agreed with another man to use the bank account to commit money laundering for a monthly salary of SR10,000 (€2,600). 

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