Insurance Authority instructs companies to adhere to beneficial ownership guidelines within 30 days
RIYADH — The Insurance Authority has adopted the beneficial ownership guidelines and granted insurance companies a 30-day grace period to comply with the new requirements. In a circular, the Authority outlined the requirements for identifying the beneficial owner in accordance with the Anti-Money Laundering Law and its Executive Regulations, the Anti-Terrorism and Financing of Terrorism Law and…
We haven't written up this one. Saudi Gazette has the full story — the link below goes straight to it.
