The businesses working in non-financial companies had been discovered responsible of breaching the provisions of the Anti-Cash laundering and Terrorism Financing Legislation. In addition they didn’t take the measures wanted to determine monetary crime dangers and stop such crimes.

“These measures come because of the sector and workplace management and inspection operations carried out by the Ministry of Economic system on firms that apply actions associated to the sectors of commerce in valuable metals and valuable stones, brokers and actual property brokers as high-risk firms in response to the sectoral threat classification, which requires the imposition of the required administrative penalties that should be corrected as a way to obtain compliance,” mentioned Abdullah Sultan Al-Fan Al-Shamsi, Assistant Undersecretary of the Ministry of Economic system for the Management.