The Insurance Authority announces the imposition of a financial penalty of (1,000,000) one million Saudi Riyals on an insurance company for violating the instructions related to anti-money laundering and counter-terrorism financing requirements.

تُعلن هيئة التأمين عن فرض غرامة مالية قدرها (1,000,000) مليون ريال سعودي بحق إحدى شركات التأمين وذلك لمخالفتها للتعليمات الخاصة بمتطلبات مكافحة غسل الأموال وتمويل الإرهاب.

The Insurance Authority issued a decision dated 2025/10/28 imposing a financial penalty of SAR 1,000,000 on an insurance company after identifying violations of anti-money laundering and counter-terrorism financing requirements. The action was taken under Article 25 of the Anti-Money Laundering Law issued by Royal Decree (M/20) dated 1439/02/05 AH. The Authority stated the measure falls within its supervisory role over the insurance sector and its efforts to strengthen companies' compliance with FATF recommendations.

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