AML Policy & Procedure In Saudi Arabia
In today’s regulatory environment, Anti-Money Laundering (AML) compliance is essential for financial institutions, real estate firms, consulting businesses, and even professional service providers. Saudi Arabia’s AML framework is aligned with international FATF standards and requires strict documentation and internal control. MHK Services offers complete AML policy & procedure in Saudi Arabia, ensuring your business remains legally compliant and risk-resilient.
Why AML Compliance Matters In Saudi Arabia With MHK Services
Regulators in Saudi Arabia — including the Saudi Central Bank (SAMA), Capital Market Authority (CMA), and Ministry of Commerce — require entities to establish formal AML frameworks, risk-based policies, and transaction monitoring systems. Failure to comply can result in heavy penalties, criminal liability, or license suspension.
MHK Services helps your business develop, document, and implement AML policies that meet local and international expectations, while fitting your industry operations.
What’s Included In Our AML Policy And Procedure Services?
We provide full support in building and maintaining AML systems:
- Drafting custom AML and CTF policies
- Risk-based customer due diligence (CDD/KYC) procedures
- Reporting mechanisms for suspicious transactions (STRs)
- Screening policies against local and global watchlists
- Record-keeping protocols and retention timelines
- AML governance structure and role assignment
- Employee AML awareness and training guidelines
- Compliance with FATF, SAMA, and MoC regulations
- Internal audit preparation and documentation review
- Policy updates as per regulatory changes
MHK Services ensures your AML framework is documented, implemented, and auditable.
Is An AML Policy Legally Required In Saudi Arabia?
Yes — if your business operates in regulated sectors (financial services, accounting, legal advisory, real estate, virtual assets), an AML policy is mandatory. You must have internal controls, reporting processes, and staff awareness in place.
MHK Services ensures you meet every local requirement while preparing your team for internal or external compliance reviews.
Estimated Pricing, Timeline, And Implementation Process
Estimated Pricing
Pricing depends on company size, industry, and complexity of the AML policy needed. For SMEs, pricing starts from SAR 6,000. For regulated entities with detailed reporting structures, pricing ranges from SAR 12,000 to SAR 25,000+. We provide a tailored quote after an initial compliance scope assessment.
Estimated Timeline
A complete AML policy and procedure manual can be delivered in 5–10 working days. For companies requiring staff training, system reviews, or audits, the timeline may extend up to 3 weeks. MHK Services works within your internal deadlines and regulator requirements.
How The Process Works
MHK Services begins with a risk-based compliance assessment of your business operations. Based on your risk profile, we develop AML policies, reporting structures, and role responsibilities. We then share drafts for review, finalize the documents, and provide implementation support or training if required.
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Benefits Of Implementing AML Policies In Your Saudi Business
A professional AML framework helps you:
- Meet legal obligations and regulatory inspections
- Prevent misuse of your company for illicit purposes
- Increase investor and banking partner trust
- Establish internal risk management and escalation lines
- Train staff on how to handle red flags or violations
- Avoid heavy fines or criminal investigations
MHK Services makes AML implementation clear, structured, and practical for your operations.
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Book an Appointment with Us
Schedule a consultation with MHK Services today and discover how our expert Actuarial Valuation and financial consulting services can enhance the accuracy and reliability of your financial records.
What Risks Exist Without AML Compliance?
If your business lacks AML documentation or practices, you may face:
- Regulatory penalties or business license cancellation
- Banking relationship suspension
- Investigations or fines for non-reporting
- Reputational damage and customer distrust
- Legal action for negligence in due diligence
How MHK Services Ensures Practical AML Policy And Procedure
We provide:
- Bilingual AML documentation (Arabic/English)
- Templates tailored to your specific industry
- Alignment with Saudi AML Law and global FATF standards
- Workflow integration with your KYC, finance, or onboarding teams
- Audit readiness and support for regulator queries
- Continuous update services for law or risk changes
Why Choose MHK For AML Policy & Procedure In Saudi Arabia?
MHK Services provides practical AML solutions that work. We don’t just hand over templates — we customize, implement, and support your compliance journey.
Ready To Secure Your Business Against AML Risks?
Let MHK Services develop and implement your AML policy & procedure in Saudi Arabia — professionally, accurately, and in full compliance.
FAQ's
AML compliance is essential to ensure your business adheres to strict legal standards, improving credibility, reducing risks, and fostering sustainable growth. It helps protect your operations from being exploited for illegal financial activities.
MHK uses advanced data analysis and sophisticated algorithms to identify patterns and anomalies, allowing us to proactively reduce compliance risks. This assist your businesses to stay alert from threats and ensures you remain compliant with AML regulations.
Our approach stands out because of our comprehensive solutions, advanced risk mitigation strategies, and focus on data security and privacy. We tailor our services to meet your specific needs, ensuring your sensitive data remains protected and your compliance standards are upheld.
MHK gives your company the tools and techniques it needs to comply with AML rules so that it can efficiently report and track transactions. This helps maintain transparency and prevents illicit financial activities, reinforcing the integrity of your operations.