Money Laundering Cases in Jeddah

in Business Risk

Between 2011 to 2013, the criminal justice court system in Jeddah, Saudi Arabia received 53 money laundering cases that targeted 22 Saudi nationals and 31 foreign workers.

The cases involved anonymous bank transfers, illegal collection of money, fraud, profiting from public office, and other methods of money laundering.

According to financial security experts in the country, Jeddah had the most money laundering cases in Saudi Arabia.

Source: “Jeddah has highest number of money laundering cases,” Arab News, May 8, 2014.

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