Saudi authorities convict 5 people of money laundering

A number of people convicted of crimes have been arrested by Saudi police. (SPA)
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Updated 12 December 2022
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Saudi authorities convict 5 people of money laundering

  • The investigation revealed that the Saudi allowed the expatriates to manage three commercial ventures, opening bank accounts for them to handle in exchange for a small monthly wage

RIYADH: Five offenders, a Saudi national and four expatriate Arabs, have been convicted of crimes of money laundering.

Judicial rulings included 20-year prison sentences, fines amounting to SR500,000 ($133,000), and the confiscation of a similar amount involved in the crimes.

In addition, the expatriate offenders will be deported on the completion of their sentences, and all those involved will be permanently prevented from practicing commercial activities.

The investigation revealed that the Saudi allowed the expatriates to manage three commercial ventures, opening bank accounts for them to handle in exchange for a small monthly wage.

It was discovered through the probe that the expatriates were collecting money, depositing it in the accounts of commercial entities and transferring it abroad. The money had been generated from crime and regulatory violations.

A Saudi Public Prosecution source said all behavior that harmed the country’s economic security was prohibited, and criminal.

 


Saudi Arabia welcomes ceasefire agreement between Syrian Democratic Forces and Syria state

Updated 19 January 2026
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Saudi Arabia welcomes ceasefire agreement between Syrian Democratic Forces and Syria state

RIYADH: Saudi Arabia has welcomed an agreement between the Syrian state and Syrian Democratic Forces.
In a foreign ministry statement early on Monday, the Kingdom said it had welcomed an deal between Damascus and Kurdish Syrian Democratic Forces that was announced by the Syrian government on Sunday.
The agreement entails merging all SDF forces into the defense and interior ministries and means that Kurdish forces will redeploy to east of the Euphrates river.
The 14-point deal would also see the immediate administrative and military handover of Deir Ezzor and Raqqa governorates.
The Syrian state would regain control of all border crossings, oil fields, and gas fields in the region, with protection secured by regular forces to ensure the return of resources to the Syrian government, while considering the special case of Kurdish areas, the state news agency SANA reported.
The ceasefire comes after intense fighting between the SDF and government troops in Aleppo. But SDF troops have now pulled back from there and the Syrian army now controls most areas east of Aleppo.
The Saudi foreign ministry statement also thanked the US for the agreement. Washington is believed to have supported brokering the ceasefire between allies SDF and the Syrian government, who they have also backed diplomatically since the fall of long-time dictator Bashar Assad.
The Syrian state announced on Friday a raft of new directives to recognize Syrian Kurds, including making their language official and bolstering other rights for the minority group.